Government Is Preparing Surprises for Entrepreneurs

Projected revenue figures for the different types of tax give reason to experts for the reasoning of the government's plan to revise their rates and collection methods.

The government recently announced a draft state budget for 2016. According to this document, the scope of duties of the simplified business tax will increase from 145 million - the projected figure for this year - to 170 million manats (+ 17.2%). In 2014 the Ministry of Taxes collected from employers 153.4 million manats that is 28.3% more than in 2013.

The government is preparing to collect from the owners 7.6% more property tax than in 2015. In 2014 the amount of property tax collected amounted to 141 million manats, but this year this figure will increase by 7 million manat, and in 2016 – by 11.2 million manats.

Road tax in 2016 will amount to 70 million AZN - 20 million AZN or 40% more than in 2015. The economist Samir Aliyev believes the government may revise its rate.

In 2016 for the first time over the past decade the amount of income tax from individuals will be reduced. This year, individuals will ensure the transfer to the state budget of 982 million AZN - 1.8 million manats more than in 2014, the government presumes. And for 2016 the forecast for this tax is 957 million manats (-25 million AZN). According to Samir Aliyev, this means that the government does not rule out job cuts. ---08B

Leave a review


İran Prezidentinin həlak olduğu hadisə Azərbaycan- İran münasibətlərinə təsir edə bilərmi? – Nəsimi Məmmədli Çətin sualda

Follow us on social networks

News Line