Vugar Bayramov: ‘The use of differential VAT will stimulate the development of priority sectors’

Vugar Bayramov: ‘The use of differential VAT will stimulate the development of priority sectors’ In September, must be prepared a strategic plan for economic reforms Road Map and we hope that some of our proposals will be taken into account, the head of the Center for Economic and Social Development Vugar Bayramov told Turan. – My organization has prepared a package of proposals on reforms in different sectors of the economy, and we have... Read More

State Budget Ammended in Azerbaijan

State Budget Ammended in Azerbaijan Finance Ministry told APA that incomes and expenses of state budget will be increased by AZN 600m, incomes will be raised up to AZN 17,038m, expenses – AZN 17,672m. Extra revenues to the state budget are expected to provide by means of additional tax revenues on oil and non-oil sector of economy. An appropriate draft law related to amendments in the state budget-2012 of Azerbaijan has been submitted by the President... Read More

New Amendments to Tax Code in Azerbaijan?

New Amendments to Tax Code in Azerbaijan? The bill on amendments to the Azerbaijani Tax Code will be submitted to parliament in late April-early May. These amendments will take effect on January 1, 2013, Deputy Head of the Main Tax Policy and Strategic Research Department at the Azerbaijani Tax Ministry Mahaddin Namazov said on April, 9th, 2012. “The government is discussing the bill,” he added. “It is expected to be submitted to... Read More

How is tax system in Azerbaijan efficient?

How is tax system in Azerbaijan efficient? Interview of Mr. Fazil Mammadov, Minister of Taxes, Second-rank state tax councillor to foreign mass media.   Mr. Minister, Azerbaijan as a developing state of the region, as well as a country that pursues an active European integration process experiences the period of very dynamic changes. The Ministry of Taxes headed by you has some achievements in the area of implementation of modern management... Read More