2024-02-15 14:57:17
It is important that Azerbaijan’s tax policy encourages business enterprises to adopt green initiatives.
As Day.Az reports on Thursday with reference to Trend, this was said by the acting Minister of Ecology and Natural Resources of Azerbaijan, President of the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) Mukhtar Babayev during the forum “Tax system in the new development period: strategic goals for a sustainable economy”, held in Baku.
“The environmental factor in tax reforms has now become a powerful economic tool to promote a sustainable transition around the world. It is important that our tax policies encourage businesses to take green initiatives, invest in sustainable energy projects and support investors who apply clean technologies “, create green growth and use renewable energy. By providing tax breaks and incentives to businesses that adopt environmentally friendly practices, we can help support the transition to a greener and more sustainable economy,” he added.
It should be noted that at the forum “Tax system in a new period of development: strategic goals for a sustainable economy” in Baku, new challenges in the field of tax administration were discussed. During the forum, an exchange of views took place on the growing role of tax authorities in economic regulation, priorities for the development of the business environment, the active participation of entrepreneurs in generating budget revenues and building transparent state-business relations.
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