Taxes Ministry: Use of e-audit leads to significant increase in tax levies
Baku, Azerbaijan, Feb. 7
By Emin Aliyev - Trend:
Application of the electronic audit (e-audit) has led to a 40 percent increase in the volume of funds raised by taxation, the advisor to Azerbaijani taxes minister, Asaf Asadov said on Thursday, speaking at the third tax forum entitled 'Azerbaijan's tax system: Realities and prospects', held in Baku.
"This system also brings benefits to the taxpayers themselves through time saving during an e-audit which now stands at 30 percent compared with conventional methods," the advisor added.
He said the existing tax legislation takes into account the interests of the taxpayers.
"The legislation defines the risks that taxpayers may face.We have tried to clarify the definitions and statements, but despite this there are periodically misunderstandings," Asadov said. "The main purpose of relations between the tax authorities and citizens is the settlement of all possible misunderstandings before filing the declaration and for the citizens not to experience unplanned losses".
The e-audit will primarily cover foreign companies operating in the oil sector, local holdings, businesses and companies having branches and conducting operations abroad, as well as large and medium-sized trade and service facilities actively using electronic cash registers and POS-terminals.
Aside from that, the e-audit will be available for banks, companies working in insurance, leasing and telecommunications areas, companies specialising in e-commerce, processing centres and enterprises providing public services.
The transition to the new system is not so simple and there are less than 10 tax authorities fully operating on such an auditor platform worldwide.
New software called ACL-Mentor has been developed to facilitate the study of software for conducting an electronic audit by tax inspectors.
A new interface has also been developed in conjunction with the German company 'DATEV'. The interface is easy to use and meets the objectives of the electronic audit.
Translated by E.A.
Edited by S.M.