Azerbaijan towards financial amnesty

Baku/07.02.14/Turan : Azerbaijan is preparing for the introduction of a common tax return. But you cannot move to a common declaration of income without committing financial amnesty. About it at today's press briefing under the III Baku Tax Forum "Azerbaijani tax system : Realities and Perspectives" spoke the Minister of Taxes Fazil Mammadov .

"This is a very large project that requires the preparation of many procedures . For full legalization of income financial amnesty is inevitable, " said the head of the tax department of the country . The Minister did not hide that his department is working on the implementation of the system of common declaration for the citizens.

The Ministry of Taxes has not yet disclosed the financial terms of ads declaration.

In the summer of 1992, after the independence of Azerbaijan in 1991, President Abulfaz Elchibey announced financial amnesty. However, monitoring for the functioning of the political act was not carried out , experts say.

Chairman of Public Association "Support to economic initiatives" Azer Mehtiyev told Turan that financial amnesty is a very necessary step towards establishing fiscal discipline and eliminating mass tax evasion. Legalization of illegal, hidden and received bypassing tax income and assets, is achievement of that goal.

" The only question is what form this amnesty will be carried out, that is how it will be applied to the income," he said.

According to the economist , in international practice , there are various approaches to financial amnesty . However, in most cases it applies to businesses and citizens without public office.

Financial amnesty cannot be applied to civil servants and incomes received in a criminal way, Mehdiyev stressed . - 08B-