Collect Tax Within Construction Sector to be intensified in Azerbaijan: Tax Minister
Azerbaijan, Baku / corr Trend U.Ismayilova / Since 2008 the Azerbaijani Tax Ministry intends to strengthen measures to attract participants in the construction industry to pay more tax, Fazil Mammadov, the Azerbaijani Taxes Minister, said on 10 December.
"The level of tax collection in the construction sector is unsatisfactory compared to the volume of work," the minister said. According to the Minister, strengthening of measures on the collection of taxes in the construction sector will be carried out from 1 January 2008.
In November the Cabinet of Ministers of Azerbaijan confirmed the COEFFICIENT rate to calculate simplified taxes for persons involved in dwelling construction, urban and rural area zones.
Addressing a meeting of the Cabinet of Ministers dedicated to socio-economic development of the country over the first 9 months of 2007 and future tasks, Azerbaijani Present Ilham Aliyev said that it is necessary to intensify control over the construction sector in the country.