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SECO supports Azerbaijan to make tax policy more efficient

Business Materials 8 June 2021 09:41 (UTC +04:00)
SECO supports Azerbaijan to make tax policy more efficient

BAKU, Azerbaijan, June 8

By Leman Zeynalova – Trend:

The Swiss State Secretariat for Economic Affairs SECO supports the State Tax Service, Azerbaijan’s tax authority, through technical assistance that is delivered within a development program called Global Tax Program, SECO told Trend.

“The overall objective of this program is to assist the State Tax Service to make tax policy and administration more efficient and effective through informing and enhancing local capacities. The program supports the adoption of a comprehensive and holistic approach to tax reform, which will help ensure fiscal sustainability in the country. In particular, the second phase will focus on:

Comprehensive approach to increase the mobilization of economic domestic resources, including i) increase the accuracy of taxpayer registry, (ii) improve the risk management framework and (iii) measures to broadening the tax base and thus reduce the shadow economy.

Tackling socio-economic consequences of the COVID-19 pandemic. Short-term just-in-time activities will be developed closely with the authorities and could include: i) business contingency plans, ii) short-term compliance management strategies, iii) taxpayer services, as well as iv) communication strategies,” said SECO.

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