Azerbaijan, Baku, 17 January / Trend corr I. Khalilova / In 2007, the Special Regime Tax Service at the Azerbaijani Taxes Ministry included an additional AZN 74mln to the public budget as a result of exit tax inspections (some AZN 40mln from oil consortiums), the head of the Department Sahir Mammadkhanov said.
According to oil contracts, not financial sanctions, but libor+4% interest rate is applied to the consortiums, though each PSA has its own terms.
Some 250 of 600 large tax payers which are registered at the Special Regime Tax Service are enterprises with a special tax system.
According to Mammadkhanov, some 8-10 inspections are held in a month and 110- 120 in a year. 2008 is expected to result in a more timely payment of taxes.
"The introduction of the 'single window' system will attract more tax payers who are still not registered at the Taxes Ministry," Mammadkhanov said.