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Azerbaijan's tax system plays key role in business formation, development - minister

Economy Materials 10 February 2023 11:57 (UTC +04:00)
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, February 10. Azerbaijan's tax system plays a key role in business formation and development, said Azerbaijan's Minister of Economy Mikayil Jabbarov at the event on the topic "Heydar Aliyev and Azerbaijan's tax system: to new challenges", Trend reports.

According to him, the effectiveness of the tax system of Azerbaijan lies not in tax fees, but in creating a favorable environment for entrepreneurial activity.

"We look positively at the future of Azerbaijan's business environment. Future reforms will create even better conditions for doing business, and also will encourage businessmen to conduct transparent business," he said.

Moreover, Jabbarov stressed that Azerbaijan continues to increase exports of non-oil products.

"I would like to note that last year this figure amounted to $3 billion. We are focused on the dynamic development of the non-oil sector, as well as its exports," he said.

In addition, Jabbarov said that in order to turn Azerbaijan into a logistics hub, work is underway to invest in this field.

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