Minister: Azerbaijan should improve legislation to determine real tax potential
Baku, Azerbaijan, Dec. 5
By Anvar Mammadov – Trend:
As many as 134,556 new taxpayers, including 9,864 legal entities and 124,702 individuals have been registered in Azerbaijan over the first 10 months of 2017, the country’s Taxes Minister Fazil Mammadov said.
Mammadov made the remarks at a ministerial board meeting in Baku, the Taxes Ministry said Dec. 5.
He said that 3,189 VAT payers with a high annual turnover were registered in the country in this period. The VAT payers represented 2,359 legal entities and 830 individuals.
Mammadov added that improving the tax legislation remain a major priority for the time.
"Despite the positive results, it is necessary to fully use the existing tax potential for timely fulfillment of the forecast for tax revenues to the state budget in 2017 and increase the state budget revenues,” the minister added.
“The work must be carried out more intensively and effectively to ensure tax control,” the minister said. “The main priority is to improve tax legislation to determine properly the real tax potential.”