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Proposals of Association of leasing companies reflected in Azerbaijan’s state budget for 2006 year

Business Materials 22 December 2005 14:06

Proposals of the Association of leasing companies of Azerbaijan have been reflected in the country’s state budget for 2006, the Association Board chairman Djeyhun Mammadbeyli told journalists on 22 December, Trend reports.

В"Three our proposals have been accepted and reflected in the state budget of 2006. One of it refers to the tax on the source. Currently by import of the equipment from foreign countries for its further leasing, the tax on the source is charged in the amount of 4 % from the total sum of the operation. Under our proposal the tax on the source by import of the equipment for leasing will be charged in the amount of 10% from the margin. It is lesser sum nominally than 4% from the whole amount of the deal”, he noted.

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