Rate of taxpayers has grown in Azerbaijan

17:35 - 11.10.2024


October 11, Fineko/abc.az. As of October 1, 2024, there were 1,576,898 taxpayers in Azerbaijan.

ABC.AZ reports with reference to the State Tax Service that the figure is 5.9% more than on October 1, 2023.

87.1% of taxpayers are individuals, 12.9% are legal entities and other organizations. Over Jan-Sept 2024, the number of individuals has increased by 5.6%, and legal entities — by 7.3%.

During the year, the number of registered commercial organizations increased by 8% and reached 186,247.

Over Jan-Sept 2024, 10,194 commercial organizations were registered in the country (89.3% were enterprises with local investments and 10.7% with foreign investments).

By the end of September, the number of active VAT-payers among registered commercial organizations increased by 15.4% compared with the same period of last year.

The number of active commercial organizations registered by the state grew by 10.7% versus last year’s same term.