Azerbaijan's Tax Code to be amended

Azerbaijan's Tax Code to be amended

Azerbaijan's Ministry of Taxes is developing a new package of amendments to the Tax Code, the republic's Minister of Taxes Mikayil Jabbarov said at the 'Taxes. Transparency. Development' conference.

He noted that a package of changes to the Tax Code will help solve key problems in the tax administration that entrepreneurs face.

"This package will be submitted to the Government for consideration as part of the process of forming the 2019- state budget," the minister said. 

He stressed that the main attention will be paid to reducing the share of the shadow economy and encouraging the transition to a legal economy. "We intend to ensure this transformation so that it become favorable for entrepreneurs. We are ready to cooperate both with businessmen, and with the government and parliament to develop the changes," the minister noted.

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