Azerbaijan to reduce tax burden of employees

12:48 - 10.10.2018


October 10, Fineko/abc.az. The Ministry of Taxes of Azerbaijan is likely to improve the tax legislation with the purpose to improve the situation for entrepreneurs.

Tax Minister Mikail Jabbarov has stated that the Ministry prepared a package of proposals for amending the tax legislation in order to expand the tax base and reduce loopholes for tax evasion.

"Conditions will be created for the simplified tax to become a type of tax used only by small entrepreneurs, that will become possible as a result of expansion of the tax base and definition of the coverage of business activities. In addition, we propose to cut the rate of simplified tax, apply for a certain period the tax incentives in non-cash payments in the retail network and catering, provide certain benefits for non-profit expenses of taxpayers, including health care, education, culture and sports," the minister said.

He pointed out that the question of reducing the fiscal burden on wages, that becomes the cause of tax evasion by employers and increasing the shadow economy, is also considered.

 

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