Azerbaijan - Totally Spread Tax Evasion
At today's press conference, Deputy Minister of Taxes Sahib Alekperov announced the volume of tax debts to the state budget of Azerbaijan - by April 1, they were more than 1.6 billion manat..
According to him, it is about one third or 800 million less than the beginning of the year. "Unfortunately, it is difficult to deal with the totality of the facts of deviation from payments - about 99% of tax audits reveal their perpetrators who are brought to administrative responsibility, so that there is no tax culture," he said.
The official stated that not only private owners, but even representatives of the oil industry "forget to pay taxes'. Nevertheless, the "champions" for non-payment are merchants, restaurateurs and other food service representatives, builders and those involved in show business - that is, those who deal with cash.
According to him, if an active transition to cashless payment system is undertaken, and inspection for the presence of taxpayer identification number registration with the tax authorities is enhanced, the facts of tax evasion will be reduced.
"We have submitted proposals to stimulate non-cash payments, in particular, offer to reduce VAT in such calculations to 9%, and expect approval of our initiatives," he concluded. --17D-
Economics
-
The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
-
The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
-
The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
-
The Azerbaijani Cabinet has implemented significant changes to energy regulations in line with new laws aimed at enhancing the country’s electrical infrastructure. A decree signed by Prime Minister Ali Asadov on December 29 introduces amendments to several prior governmental decisions and cancels previous regulations, including a key rule on electricity production and equipment operation limits.
Leave a review