BAKU, Azerbaijan, August 13. The total number of taxpayers in Azerbaijan increased as of August 1, 2024, year-on-year, Trend reports via the State Tax Service under the Ministry of Economy.
According to the service, this figure grew by 92,407 (6.3 percent), including the number of individuals - by 78,597 (6.1 percent), and the number of legal entities - by 13,810 (7.4 percent).
The service explained that of over 1.5 million registered taxpayers, individuals accounted for 87.2 percent, while legal entities and other organizations - 12.8 percent.
"As of August 1, the number of registered commercial organizations reached 183,528, which is 8.1 percent more compared to the same period in 2023.
During the first seven months of 2024, 7,426 commercial organizations underwent state registration, of which 6,616 (89.1 percent) were enterprises with local investments and 810 (10.9 percent) were enterprises with foreign investments.
A total of 5,985 (80.6 percent) of the commercial organizations that completed state registration were registered electronically, with 4,832 registered using applications made through ASAN Imza (meaning Easy signature, a service that allows a client to use a mobile phone as a form of secure electronic ID), 1,140 using the new method (FIN code + mobile phone number), and 13 using the SIMA digital signature (a new generation of advanced digital signature based on the cloud, public key, and face recognition technologies).
As of August 1, the number of active VAT payers among registered commercial organizations reached 38,101, an increase of 15.7 percent compared to the corresponding period of the previous year. The share of VAT payers in the total registration was 32 percent.
Of the registered commercial legal entities, 91.1 percent were established in the form of limited liability companies, 1.2 percent as joint-stock companies, 1.1 percent as cooperatives, and so on.
The number of active commercial organizations increased by 11.2 percent compared to the corresponding period in 2023," the service added.
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