Azerbaijan to introduce new fines

12:21 - 5.06.2023


June 5, Fineko/abc.az. New fines are being imposed in Azerbaijan.

ABC.AZ reports that this is stated in the amendment to the Code of Administrative Offences, discussed today at a meeting of the Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship.

According to the amendment, for failure to submit, in accordance with the procedure established by law, or incomplete, incorrect or untimely submission to the credit bureau of information constituting credit histories by persons engaged in the purchase and sale of goods specified in Article 12.1 of the Law on Credit Bureaus, officials may be fined in the amount of 1,500 to 2,000 manats and legal entities - from 10,000 to 12,000 manats.

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