Total number of taxpayers in Azerbaijan increase by 5.1 percent

As of April 1 of this year, 87.3 percent of the 1 million 430 thousand 739 taxpayers registered in the republic were individuals, 12.7 percent were legal entities and other organizations, SIA refers to local media.

According to the State Tax Service's report, compared to the corresponding period of last year, the total number of taxpayers increased by 5.1 percent, including the number of individuals by 4.5 percent, and the number of legal entities by 9.9 percent.

88.5 percent of state-registered commercial legal entities are limited liability companies, 1.3 percent are joint-stock companies, 1.1 percent are cooperatives, etc. created in forms.

So far, 164 thousand 645 commercial institutions, 20 thousand 937 foreign-invested commercial institutions have passed state registration.

In the first quarter, the number of legal entities whose activity was activated (restored) increased by 29 percent compared to the corresponding period of last year, and the number of VAT payers whose activity was activated increased by 22.4 percent. The number of active foreign-invested commercial institutions increased by 26.6 percent compared to January-March 2022.

During the reporting period, 399 public legal entities were registered.

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