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Azerbaijan intends to write off citizens’ tax debts

Business Materials 20 December 2016 21:00
The Azerbaijani government intends to write off tax debts of citizens in the amount of 624 million manats from January 1, 2017, Natig Shirinov, head of the Main Department for Risk Analysis and Control of the Azerbaijani Ministry of Taxes, said.
Azerbaijan intends to write off citizens’ tax debts

Baku, Azerbaijan, Dec. 20

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The Azerbaijani government intends to write off tax debts of citizens in the amount of 624 million manats from January 1, 2017, Natig Shirinov, head of the Main Department for Risk Analysis and Control of the Azerbaijani Ministry of Taxes, said.

Shirinov made remarks at a meeting of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship in Baku Dec. 20.

"The bill "On regulation of tax debts of taxpayers as of January 1, 2017" includes two types of tax debts,” he said. “The first item of the bill includes writing off all interest accrued for non-payment of debt, while the second item – writing off a part of financial sanctions," Shirinov added.

"So, in case of repaying 30 percent of the financial sanctions in January 2017, some 70 percent of remaining sanctions will be written off,” he added. “In case of repaying 50 percent of the financial sanctions in January-February 2017, some 50 percent of remaining sanctions will be written off.”

“In case of repaying 70 percent of the financial sanctions in January-March 2017, some 30 percent of remaining sanctions will be written off,” he added.

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