Powers of banks’ supervisory boards may be expanded in Azerbaijan

About 10 amendments should be made to the draft "Law on the Alat Free Economic Zone", prepared by the working group headed by Vice-Speaker Valeh Alasgarov and adopted by the parliament of Azerbaijan, the Chairman of the Parliamentary Committee for Legal Policy and State Building Ali Huseynli said at a meeting of the spring session of the parliament May 31.

Amendments have been made to the "Procedure of Calculating the Borrowers' Monthly Total Income under Mortgage Loans, Including Preferential Loans Issued by the Azerbaijan Mortgage Fund”.

The State Customs Committee (SCC) of Azerbaijan is developing a package of amendments to the Customs Code of the country.

The Finance and Budget Committee of Kazakhstan’s Senate reviewed the draft law "On ratification of the Protocol between the Government of the Republic of Kazakhstan and the Government of the Republic of Azerbaijan on amendments and additions to the Convention on avoiding double taxation and preventing tax evasion on income and on property."

Kazakhstan’s new Customs Code stipulates the duty of customs services to complete customs declarations for passengers.

In case of revealing not only criminal, but also administrative offenses, the Azerbaijani Chamber of Accounts can send files about those offences to the relevant executive bodies.

The powers of municipalities regarding collection of information on accounting, cadastre and monitoring of green spaces will be expanded in Azerbaijan

Amendments to the Uzbek legislation, envisaging liberalization of the legal system, are entering into force from April 1.