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Number of legal entities restoring activity in Azerbaijan slightly increases in 11M2021

Finance Materials 7 December 2021 17:36 (UTC +04:00)
Number of legal entities restoring activity in Azerbaijan slightly increases in 11M2021

BAKU, Azerbaijan, Dec. 7

By Nazrin Israfilova - Trend:

The number of legal entities who restored activity in Azerbaijan increased by 2.7 percent from January through November 2021 compared to the same period of last year and reached 7,780, Trend reports citing the State Tax Service under the Azerbaijani Ministry of Economy.

According to the message, the number of active VAT payers also increased by 2.5 percent compared to the period from January through November 2020.

The number of operating commercial organizations registered in Azerbaijan as of December 1, 2021 increased by 13.4 percent compared to the same period of last year.

Moreover, the number of active VAT payers in commercial organizations increased by 15.7 percent from January through November 2021 compared to the same period of 2020.

During the reporting period, the number of VAT payers in commercial organizations as a whole increased by 11.3 percent - up to 41,543.

Some 16,732 commercial legal entities with foreign investments were registered in Azerbaijan as of December 1, 2021, while the number of operating commercial enterprises with foreign investments increased by 8.9 percent compared to the same period of last year.

Moreover, 33.1 percent out of 999 commercial legal entities with foreign investments were registered in the field of trade, 26.8 percent - in the service sector, 12.1 percent - in construction, 10.7 percent - in industry, 4.8 percent - in the field of communications and 12.5 percent - in other spheres during the reporting period.

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