As of August 1, 2023, 87.3 percent of the 1,470,553 taxpayers registered in the republic were individuals, and 12.7 percent were legal entities and other organizations. Compared to January-July last year, the total number of taxpayers increased by 7.3 percent, including the number of individuals by 7.0 percent, and the number of legal entities by 9.3 percent. The number of state-registered commercial institutions was 169,751. Compared to the corresponding period of last year, a 10 percent increase in the number of commercial institutions was recorded.
As of August 1, 2023, 90.4 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. During this period, the number of active VAT payers in state-registered commercial institutions was 32,934 units, which means a 15 percent increase compared to the corresponding period of last year. During January-July 2023, 9,133 commercial institutions were registered with the state, 87.6% of which were domestically invested, and 12.4% were foreign-invested. 82.1 percent of registered commercial entities were registered electronically. The specific weight of e-registration of limited liability companies with local investment was 94.4 percent. In July 2023, with a new registration method (Finnish code + mobile number) 1.
In July 2023, the number of legal entities whose activity was activated (restored) increased by 34.3 percent compared to July 2022, and the number of VAT payers whose activity was activated increased by 0.7 percent.
Source: gov.az
