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Azerbaijani Taxes Ministry Can’t Completely Control Cash Payments

Business Materials 23 February 2008 11:52 (UTC +04:00)

Azerbaijan, Baku, 23 February / Trend corr I. Khalilova, V. Mammadov/ The Azerbaijani Taxes Ministry confirmed there are problems with tax evasion in cash payment field, the Taxes Minister Fazil Mammadov said on 22 February. There are tax evasion cases also in the public catering, trade and services.

"We still do not have the opportunity to completely control this field, but the arrangements intended for improvement of the control are underway. Other fields are completely controlled," the Minister said.

In order to improve the tax control efficiency, the amount of financial sanctions was doubled in 2008.

The financial sanctions (25% of the evaded or underclared sum) are imposed for underdeclaration of taxes, backing hold of reports and other tax evasions.

Lack of labour contracts is also fined, i.e. AZN 1,000 shall be paid for each unregistered employee. Presently, that is the most actual topic.

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