Penalties for tax evasion weakened in Armenia

The Armenian parliament adopted the draft amendments to the Criminal Code on weakening of the penalties for tax evasion. The bill was adopted unanimously by 96 votes, reported. According to new bill, those who include …

 Iran's tax revenues increase by 25%

The government’s tax revenues have grown by 25% in the first eight months of the current Iranian year (started March 20) compared with last year’s corresponding period, the head of National Tax Administration, Kamel …

30% tax amnesty declared in Azerbaijan

The Parliamentary Committee on Economic Policy, Entrepreneurship & Industry has received the Bill on Tax Amnesty. A Milli Majlis source says that the Bill was developed on the initiative of the head of state. "The tax …

Russian Finance Ministry preparing 'tax winter'

Russian Finance Ministry will propose the government to maintain the rate of income and other taxes at current levels for the next few years, the department said in the draft of 'the main directions of tax policy for 2017-2019', …

Siluanov warns of wider budget deficit

Russian Finance Minister Anton Siluanov warned at a conference in Sochi that the budget gap will be wider this year than earlier forecast, forcing Russia to step up the pace of domestic borrowing. The deficit may …

 Azerbaijan to help small and medium-sized businesses

Azerbaijani Deputy Taxes Minister Ilkin Valiyev said that Income tax and value added tax (VAT) rates for small and medium-sized enterprises engaged in production will be reduced in the country. He made the remarks at a …