Press Review 01.10.2016

Assessment of the referendum held on 26 September, an investigation in the case of the director of the newspaper "Azadlig", tax amnesty and bad loans  are main  topics in today's press.

The newspaper "Azerbaijan" continues to write about the results of the referendum, calling it a brilliant expression of the will of the people. A referendum on amendments to the Constitution is called an important event in the history of the state. The article says there is no alternative to  the policy of Ilham Aliyev.

The author calls unfounded opinion  of the "Freedom House" on violations during the voting.

Website "Azadlıqinfo" writes about the absurd fact on the  PFPA advisor Faig Amirov. The absurdity is that he was not been  questioned on the charges, and in connection with the activities of the newspaper and its financial sources. Probably they want to present new charges, according to the author.

"Echo" published an article that there will not be a tax amnesty in Azerbaijan. It does not suit some officials, and therefore  the law is  not adopted. Tax amnesty also will reduce the shadow economy, which according to various estimates ranges from 30% to 60%.

From  January,1 2017 Azerbaijan will use voluntary income disclosure system, said the head of the Office of the Ministry of Taxes Nijat Imanov. "This system provides for the exemption from liability of taxpayers who intend to voluntarily disclose  of their income and pay the accrued taxes,"  he said.

Identifying the hidden income provides financial sanctions in the amount of 50% and default interest (0.1 per cent for each day). In Azerbaijan there are currently more than 700 million taxpayers, of which 75,806 are registered in January-August 2016.

"New Times" published an article entitled "Who is responsible for the deception?" A few days ago, Finance Minister Samir Sharifov said that the state should not interfere in the issue of problem loans to the dollar, in fact refusing to help borrowers.

MPs Ali Masimli proposed the adoption of a law prohibiting banks to issue foreign currency loans.

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