Azerbaijan, Baku, May 1 / Trend M. Aliyev /
The Azerbaijani parliament has approved changes to the Tax Code today.
They envisage the improvement of the taxation mechanism of private notaries in the country.
Head of the Parliamentary Committee on Legal Policy and State Building Ali Huseynli said at the plenary meeting that the notaries' activity is profitable.
"Therefore, these changes will provide private notaries with the status of the taxpayer," he said. "They will be able to enter into contracts with business people."
The changes envisage deducting 10 per cent of the total income of notaries (without deducting expenses) received during the quarter.
The notaries' income include the fees for services rendered by them, state duty and other payments.
The tax legislation does not providea separate item of taxation for private notaries.
Different approaches of taxation are applied now to private notaries operating in Azerbaijan.
Some of them pay a simplified income tax, some - with income (before deducting expenses).
Only persons engaged in entrepreneurial activities may be payers of simplified tax in the Tax code.
The activity of notaries is not a business, so, according to the project of the Ministry of Justice, it is proposed to introduce a 10 percent tax on their income (before deducting expenses). This was supported by the Finance Ministry and the Ministry of Taxes.
Private notaries must submit tax declarations no later than the 20th day of the month following the quarter.
Forty-nine private notaries operate in the country and 32 rae in Baku and 17 in the regions.