Bank Of Baku

Cashless payments can be exempted from VAT in Azerbaijan

Cashless payments can be exempted from VAT in Azerbaijan
# 02 May 2013 15:14 (UTC +04:00)

 

According to Minister of Taxes Fazil Mammadov, stimulating proposals consider taking of several measures.

 

The Minister says these measures also include cancellation of VAT. In general, 90% of proposals concern stimulation of cashless payments, 10% - limitation of cash payments: “At present, these proposals are being discussed”.   

 

Mammadov said that no reduction was considered on tax rates: “I think that the amendments made in tax rates before are sufficient”.

 

 

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED