Two governmental agencies create a new system to control budget losses


February 13, Fineko/abc.az. The Ministry of Finance is creating Centralized Electronic Register System on tax and customs benefits.

ABC.AZ reports that this information was distributed by the press service of the Ministry.

For example, the Automated Tax Information System of the State Tax Service under the Ministry of Economy and the Single Automated Customs Management System of the State Customs Committee will be integrated into this system, and access to relevant information will be created.

These declarations to be transmitted through the new system will allow calculating the lost funds as a result of applying benefits to the State Budget from angle of property ownership, economic activity, parameters of the oil and non-oil sector on each type of tax and customs duties covered by the benefit, and, as a result, determining the actual budget losses.