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Azerbaijan's Baku hosts forum Tax service – 25: sustainable development and effective transformation (PHOTO)

Economy Materials 13 February 2025 10:26 (UTC +04:00)
Azerbaijan's Baku hosts forum Tax service – 25: sustainable development and effective transformation (PHOTO)
Farid Zohrabov
Farid Zohrabov
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BAKU, Azerbaijan, February 13. The forum "Tax service – 25: sustainable development and effective transformation" is being held in Baku, Trend reports.

The event is attended by Minister of Economy Mikayil Jabbarov, Head of the State Tax Service under the Ministry of Economy Orkhan Nazarli, Chairman of the State Customs Committee Shahin Baghirov, the Ombudsperson of Azerbaijan Sabina Aliyeva, representatives of government agencies, and international auditing companies.

“President of the Republic of Azerbaijan Ilham Aliyev has sent an address to the participants of the Forum ‘Tax Service - 25: Sustainable Development and Effective Transformation’. The text of the address was read out by Minister of Economy Mikayil Jabbarov.”

Minister of Economy of Azerbaijan Mikayil Jabbarov said that more than 16,000 companies and individuals have made donations to Azerbaijan's Karabakh Revival Fund.

He noted that a lion's share of these donations was made by entrepreneurs.

According to him, the important part of the struggle against the shadow economy is to apply the law to everyone.

“I would like to express my gratitude to the relevant government agencies, including the Office of the Attorney General, who are working shoulder to shoulder with us in this area. At one time we faced the question of what criteria the administration of the tax authority is based on. The answer is simple: it is based on the relevant legislation of the state, “ the Minister emphasized.

In addition, the Minister emphasized that activities in the area of transforming knowledge, technology and expertise are expanding.

Jabbarov stated that diversification holds an important place in Azerbaijan's economic policy.

"Successful diversification requires flexible integration of investments, knowledge, and skills. Recently, we have expanded our activities in the field of transformation of knowledge, technology, and experience,” he said.

Furthermore, it was noted during the forum that tax revenues in 2018 amounted to 100 percent, and in subsequent years they steadily exceeded the forecast figures (against the background of a decrease in the specific weight of overpayments in the total revenue)

Also, it was emphasized that the convergence of the tax revenue performance indicator with the forecast indicator of last year occurred against the background of revision of the forecast for 2024 in June and its increase by 1.4 billion manat ($823 million), including 800 million manat ($470.5 million) for the non-oil and gas sector.

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