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Proposals on tax rates for newly-erected buildings presented to government

10 February 2007 [16:52] - TODAY.AZ
Azerbaijan's Taxes Ministry plans to work out development program of tax system for the next five years, Taxes Minister Fazil Mammadov said.

"Most of measures on State Program on improvement of tax administration covering 2005-2007 has been implemented in 2005-2006. Some technical issues, administrative affairs, establishment of terminals will be completed this year," the minister underlined.

Fazil Mammadov did not rule out that reduce of profits and VAT will be considered next year.

The minister said that proposals on fixing tax rates for newly-erected buildings, as well as rates for rental of real estates have been presented to the government.

According to the minister, the Cabinet of Ministers will approve new rules till the end of February, APA reports.


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