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Number of registered taxpayers grows in Azerbaijan

Economy Materials 9 December 2022 17:41 (UTC +04:00)
Number of registered taxpayers grows in Azerbaijan
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 9. The total number of taxpayers registered in Azerbaijan increased as of December 1, 2022, Trend reports citing the State Tax Service.

According to the service, this figure amounted to over 1.39 million, up by 5.9 percent.

Of the total number of taxpayers, 87.4 percent are physical entities, and 12.6 percent - legal entities and organizations.

As of December 1, 2022, the number of physical entities increased by 5.5 percent, while legal entities – by 9.4 percent compared to the same period of the previous year.

A total of 14,259 commercial organizations were registered in Azerbaijan from January through November 2022, which is 32.4 percent more than in the same period of the previous year. Of these, 72.1 percent were registered electronically.

In addition, a total of 76.8 percent of registered commercial enterprises were companies with local investments, and 23.2 percent - with foreign.

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