Azerbaijan may change sum of accruing simplified tax


February 13, Fineko/ Change of accruing the amount of simplified tax has been suggested in Azerbaijan with the purpose of improving situation of entrepreneurs. 
Addressing to conference "Taxes. Transparency. Development" MP Vahid Ahmadov has stated that the new relevant amendments to the tax legislation should be drafted in the country. 
"The level of simplified tax in Azerbaijan is too low, and it is linked with the fact that the tax covers the entrepreneurs with turnover not exceeding AZN 200,000. Despite the changes in the exchange rate of the national currency, the turnover of AZN 200,000 has not been revised, and so I think the Ministry of Taxes should revise this amount and bring it up to AZN 300,000-400,000," Ahmadov said.

Keywords: simplified tax