Bank Of Baku

Proposals on increase of cashless payments drafted in Azerbaijan

Proposals on increase of cashless payments drafted in Azerbaijan
# 14 April 2011 14:57 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. Azerbaijani Ministry of Taxes has drafted proposals on increase of cashless payments and submitted them to the Cabinet of Ministers and Presidential Administration, First Deputy Minister of Taxes Natig Amirov told APA: “The project has already been submitted to the government and an opinion obviously will be expressed by the end of April”.

“There are different proposals and I can’t say which of them will be approved”, said the Minister.

He noted that, the main purpose of proposals were to reduce the cashless payments in the country and direct them to banking sector. If the proposals are approved, necessary amendments are planned to be made to legislation and the president’s relevant order is expected to be adopted.
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