Tax Minister: Azerbaijan to introduce differentiated VAT


February 18, Fineko/abc.az. The Azerbaijani president has given a task on the beginning of transition to application of a differentiated rate of VAT.

Tax Minister Mikayil Jabbarov has stated that the process is already underway and the country’s leader has given relevant instructions.

"First of all, we must ensure growth of voluntary payment of taxes and be very careful about the issue of differentiation of VAT rates, as the use of such a mechanism will mean a reduction in the tax base and will require additional funds," the minister said.

According to Economy Minister Shahin Mustafayev, this experience has both positive and negative results.

"We plan to eliminate the negative consequences of the differentiated rate through the use of digital technologies," the minister emphasized.