Azerbaijani Economy 17 april — 12:58

Mikail Jabbarov spoke about reducing taxes


In Azerbaijan, it is planned to facilitate tax administration and reduce the tax burden for small and medium-sized enterprises, said the Minister of Taxes Mikayil Jabbarov, Interfax-Azerbaijan reports.

According to him, it is planned to improve tax legislation for large enterprises in order to increase the transparency of their activities. At present, amendments to the Tax Code are being prepared for this purpose.

According to the estimates of the World Bank and the PwC audit company, the tax burden in Azerbaijan is 39.8%. The largest part of the tax burden (67%) is the income tax and social payments.

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