Azerbaijan, Baku, November 14 / Trend, N. Ismailova /
Azerbaijan has taken the 77th position in the Paying Taxes 2012 ranking of 183 countries of the world drafted by the World Bank (WB), the International Finance Corporation (IFC), and PricewaterhouseCoopers (PWC). The ranking was publicized at PWC Website on Monday. Azerbaijan has moved forward by 26 positions in terms of simplicity of paying taxes.
The studies were carried out at the sidelines of making Doing Business 2012 Report.
Azerbaijan has taken the rating's 94th position on the consolidated tax rate, 63rd position on tax payments, and 96th position on terms of fulfillment of tax obligations.
"This year the country takes the 94th position on the consolidated tax rate equivalent to 40 percent," the report reads.
The country is rated 18th on consolidated tax payments, 1st on profit tax payment, and 5th on other tax payments.
Last year, Azerbaijan was rated 103rd on simplicity of tax payments, 60th on tax payments, and 128th on terms of fulfillment of tax obligations. The country then took the 95th position on the consolidated tax rate equivalent to 40.9 percent.
Currently, there are nine kinds of taxes in effect in Azerbaijan.