Azerbaijan proposes to limit cash payments
Baku, Azerbaijan, Feb. 10
Azerbaijan may introduce a limit on cash payments, chairman of the Center for Economic and Social Development (CESD) of the country Vugar Bayramov said.
He made the remarks Feb. 10 on the fifth Tax Forum themed "Azerbaijani tax system: Realities and Prospects".
He said that it is possible to set a limit in the amount of 1,000 manats for cash payments within a single transaction.
The expert also proposed to exempt e-commerce within the country from VAT.
"The matter rests in entrepreneurs who sell their products only through the Internet," he said.