Azerbaijan, Baku, 5 November / Trend corr. N.Ismayilova / According to preliminary estimations, pecuniary amount of tax benefits in the country reaches 60%-67% from general amount of payment in the Azerbaijani economy, the Ministry of Taxes said on 5 November.
"This figure is great enough amount, whilst tax benefits are regarded as efficient means to stimulate economic activity, the Ministry said. Benefits will be removed gradually after providing development in fields, where this ease is spread. Naturally, introduction of such benefits targets maximum to balance interests of tax payers and state."
The world experience shows that if detained tax from tax payer makes up more than 40-50% of its total return, it will lead to reduction of level of economic activity, as well as amount of investment in the country. The Azerbaijani state tax policy is directed to raise tax burden to optimal level with this purpose.
"At present, level of tax burden for the Azerbaijani tax payers has been fixed at the lowest level," the Ministry said.
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