Deputy Minister of Economy Reports 93% Voluntary Tax Compliance in Azerbaijan

Baku:Currently, 93% of taxes in Azerbaijan are paid voluntarily, Deputy Minister of Economy Azer Bayramov announced during a joint meeting of the Milli Majlis committees on Legal Policy and State Building; Defense, Security and Combating Corruption; Human Rights; and Regional Affairs.

According to Azeri-Press news agency, Bayramov highlighted significant growth in the tax system since 2018, noting that the number of active taxpayers has doubled, and the number of VAT payers has increased 3.5 times.

Additionally, Bayramov reported that the non-oil and gas private sector has seen nearly a doubling in the number of employment contracts, which now account for 56.5% of all contracts. This growth indicates an expansion in citizens' social insurance and pension coverage.