TODAY.AZ / Business

Changes to Tax Code on reduction of indirect taxes prepared

18 April 2006 [08:47] - TODAY.AZ
The Ministry of Taxes is preparing new changes to the Tax Code on reduction of indirect tax rates.

As APA reports, the information about it was given by the chief of the Tax Policy and Strategic Investigations Head Office of the Ministry of Taxes Akif Musayev: "Application during three months of the changes which became effective at the end of the last year shows that positive changes have been achieved."

Mr.Musayev said that changes to the Tax Code will be presented to the parliament separate from the budget envelope. Proposals are expected to be presented to Milli Majlis by the end of the spring session of the parliament.

It also should be noted that over 10 large taxpayers registered in Azerbaijan for recent year.

By April 1, over 700 taxpayers were registered in the Department for the Work with Large Taxpayers of the Ministry of Taxes. As a result, from April of the last year to the end of March of this year more than 10 large taxpayers were registered. This information was given by the chief of the Department Sahil Mammadkhanov.

According to Mr.Mammadkhanov saying that the number of large taxpayers is determined by the Ministry of Taxes, the amount of taxes paid by taxpayers of this category exceeded AZN 82 million.

URL: http://www.today.az/news/business/25240.html

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