Azerbaijani Taxes Ministry to work out package of amendments to tax legislation (UPDATE)
Title changed, details added (first version posted on 12:53)
Baku, Azerbaijan, April 3
By Anvar Mammadov – Trend:
The Azerbaijani Ministry of Taxes will submit a package of amendments to the Tax Code for the government’s discussion till early May 2018, Azerbaijani Deputy Minister of Taxes Sahib Alakbarov told reporters in Baku April 3.
"We received proposals on amendments to tax legislation from entrepreneurs until March 31,” he said. “We are currently reviewing these proposals. For this purpose, a special commission has been set up which holds meetings daily.”
“Until early May, we must submit a package of amendments to the Tax Code for it to be discussed simultaneously with the budget package,” Alakbarov said. “As you know, the process is rather long and it is not easy. First, the package of proposals must be agreed on in the Ministry of Taxes, discussed in the Cabinet of Ministers and then submitted to the presidential administration. Therefore, we want to complete our part of the work till May."
Touching upon the issues raised as a result of the entrepreneurs' proposals, Alakbarov added that the proposals mainly relate to non-cash payments, documents required by this or that operation, changes in tax legislation and administration.
"A big number of taxpayers want administration to be simplified and we are working in this direction,” Alakbarov said. “Every proposal will be reviewed. We are thoroughly reviewing these proposals and will continue to do that."
Earlier, Azerbaijani Minister of Taxes Mikayil Jabbarov said that the package of amendments to the Tax Code will help solve key problems in tax administration which entrepreneurs are facing.
"This package will be submitted for the government’s consideration within the 2019 state budget formation process,” the minister said. “Special attention will be paid to a decrease in the share of the shadow economy and stimulation of the transition to the legal economy. We intend to ensure this transformation for it to be favorable for entrepreneurs."