BAKU, Azerbaijan, November 6. As a result of the proposed amendments to the Tax Code, revenues to Azerbaijan's state budget will total 42 million manat ($25.8 million), Head of the State Tax Service Orkhan Nazarli said, Trend reports.
He spoke during today's meeting of the Azerbaijani Milli Majlis (Parliament) Committee on Economic Policy, Industry, and Entrepreneurship.
He stated that the changes being discussed affect healthcare, agriculture, tourism, transportation, and other areas.
"Recently, significant amendments have been made to the Tax Code. The major purpose was to create more liberal, practical, focused, and supportive legislation for entrepreneurship, particularly for small and medium-sized firms. "The steps taken in the context of reducing the shadow economy, legalizing business activity and income played a significant role in the achieved fiscal results," Nazarli added.
Stay up-to-date with more news at Trend News Agency's WhatsApp channel