Azerbaijan expands use of single deposit account
Azerbaijan, Baku, June 20 /Trend A.Akhundov/
The revenue share from a single electronic VAT deposit account in the total income of the state budget of Azerbaijan in 2008-2011 was 27.1 percent, head of the department in the Directorate for Economic Analysis and state registration of business entities of the Ministry of Taxes of Azerbaijan Ilgar Khalilov said at seminar on Growth in non-cash payments and use of POS-terminals on Wednesday.
The implementation of VAT deposit account, which allow to computerize tax control in the process of calculation of VAT started for the first time in Azerbaojan in 2008.
He noted that since the beginning of a system of electronic payment of taxes 37,921 payout totaling 15.146 million manat were carried out in the middle of April to June 2012.