Bank Of Baku

Tax income to be increased sharply in Azerbaijan

Tax income to be increased sharply in Azerbaijan
# 11 February 2011 12:58 (UTC +04:00)
According to him, current expenses make annual AZN 7 bln, up by 2 times from tax incomes: “This sum must be provided through Ministry of Taxes and Customs Committee”.

He also noted that increase of income would not be provided on the account of aggravation of tax burden, but on the account of extension of tax base.

In turn, extension of tax base will be provided on the account of spheres that cashless accountings consumed in.

He also noted that, using the cash accountings is aimed to avoid of the direct tax: “That’s why we’ll struggle against it, seriously”.

At the same time, minister said that the decrease of tax burden is not expected, recently.
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