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Azerbaijan establishes targets for its tax service till 2030

Economy Materials 15 February 2024 11:09 (UTC +04:00)
Azerbaijan establishes targets for its tax service till 2030
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, February 15. The state tax service’s agenda for 2024–2030 includes five areas, Head of the State Tax Service under the Ministry of Economy of Azerbaijan Orkhan Nazirli said, Trend reports.

He made the remark during the forum themed "Tax system in the new development period: Strategic Goals for a Sustainable Economy" held in Baku.

"Strategic directions include the development of voluntary compliance with tax obligations, the fight against tax evasion, strengthening institutional capabilities and human capital, cooperation with international organizations and the introduction of innovations, and partnerships with government agencies," the official explained.

"The primary purpose is to improve the efficiency of budget revenue collection, prevent tax evasion, and combat informal tax activities. Regarding the strategy's vision (looking into the future), it is worth highlighting the construction of a dependable, trust-based tax ecosystem," he pointed out.

To note, the forum "Tax system in the new development period: Strategic Goals for a Sustainable Economy" in Baku discussed new challenges in the field of tax administration. Within the framework of the forum, opinions were exchanged on the increasing role of tax authorities in economic regulation, priorities for the development of the business environment, active participation of entrepreneurs in the formation of budget revenues, and building "state-business" transparent relations.

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