Azerbaijan, Baku, 29 August / Trend corr. I.Khalilova / Introduction of united treasury account to accumulate earnings from the Value Added Tax (VAT) raised transfers from non-oil filed by 150%, Natig Amirov, the Azerbaijani Deputy Taxes Minister, said on 29 August. Earlier growth rate was at 30%-40%, he said.
Efficient of introduction of this system enables to reduce the VAT rate, which the Taxes Ministry offered from 2009. However, the government intends to assess situation in 2008 both in respect of introduction of deposit VAT-account system and quality of taxpayers. Therefore, it refrained from reduction of VAT rates from 2009. AT the beginning of 2008, the VAT payers numbered 10,000 people and number of real employed people reached to 11,500.
It is offered to reduce VAT rate by 1% - to 17%, which primary was planned to realize it in 2009.
According to investigations held by the Taxes Ministry, optimal VAT rate amounts to 14% or 15% in the current tax climate at the Azerbaijani economy.
The exchange rate for US dollar is AZN 0.8134 on 29 August.
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