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Private tax advisory services to be regulated by law in Azerbaijan

Business Materials 28 December 2010 14:49 (UTC +04:00)

Azerbaijan, Baku, Dec. 28 / Trend N. Ismayilova /

Azerbaijan will develop a draft law on private tax advisory service in 2011, Vusal Shikhaliyev, the head of the Main Department of Tax Policy and Strategic Studies under the Ministry of Taxes, said.

"According to the plan of activities of the Ministry of Taxes, it is planned to prepare a draft law on private tax advisory service", he said.

He said that large international consulting companies rendering similar services operate in the country.

He said that the need for a regulatory base in this area is stipulated by the fact that it is necessary to clearly define the rights and responsibilities of both the companies rendering private tax services to customers.

He said that the projects will be prepared to amend the Tax Code to improve the tax laws in the country by March 2011.

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