Azerbaijani citizens’ tax debt hits 2.4B manats (UPDATE)

Business Materials 10 February 2016 17:20 (UTC +04:00)

details added (first version posted at 13:25)

Baku, Azerbaijan, Feb. 10

By Azad Hasanli - Trend:

The tax debt of Azerbaijani citizens hit 2.4 billion manats as of January 1, 2016, Sahib Alakbarov, Azerbaijani deputy minister of taxes, told reporters Feb. 10.

He said that taxpayers' debt has been varying around this figure during several years.

"Currently, 70 percent of taxpayers pay their taxes voluntarily," he said.

Alakbarov said that there are tax debts in all areas and about half of them accounts for the state sector.

He added that the ministry takes the necessary measures to reduce the tax debt.

Alakbarov said that almost 30 percent of the tax deductions transferred by the ministry to the state budget, accounts for the tax arrear charges.

The tax authorities fully wrote off mainly small debts of around 24,000 taxpayers as a result of comprehensive inspections in 2015.

Most of representatives of the small and medium-sized enterprises paid the debts to the budget following the inspections to assist in the elimination of these entrepreneurs' tax debts.

Some taxpayers' debts were reduced in accordance with the legislation.