The next meeting of the "Tax and accountability" working group was held

The next meeting of the "Tax and accountability" working group led by the State Tax Service under the Ministry of Economy of the Commission on Business Environment and International Ratings was held. The event was attended by the State Tax Service, the Ministry of Finance, the Central Bank, the State Customs Committee, the State Statistics Committee, the State Agency for Citizen Service and Social Innovation under the President of the Republic of Azerbaijan, the Chamber of Auditors, as well as representatives of consulting companies and entrepreneurs who are part of the working group.

The head of the working group, the deputy head of the State Tax Service, Ilkin Valiyev, reported on the work carried out under the relevant "Taxation" indicator of the "Business Ready" report presented by the World Bank, as well as other issues on the agenda of the meeting.

Vusal Shikhaliyev, the head of the Secretariat of the Commission, the sector head of the Department of Economic Policy and Industrial Affairs of the Administration of the President of the Republic of Azerbaijan, emphasized the importance of the works carried out in the field of taxation on the Road Map, and emphasized the need for the business sector to be more intensively informed about the reforms, innovations, as well as the available opportunities in tax legislation and administration.

At the meeting, a presentation was made on the work done in the first half of the Road Map for 2024 on the implementation of improvements and communication in the relevant field related to the "Taxation" indicator, as well as the work done in the period after that. It was noted that meetings are being held with the state and private sector, as well as with consulting companies working in this field, regarding the new amendments to the tax legislation.

The regulation of transfers from the VAT deposit account to the state budget was also discussed at the meeting. The consulting companies' approach to the issue, as well as the main issues they face, were explained in detail.

Nijat Imanov, Deputy Head of the Working Group, Head of the Tax Policy General Department of the State Tax Service, informed the meeting participants about the main directions of the expected changes to the Tax Code, as well as the "State Program for the Socio-Economic Development of the Nakhchivan Autonomous Republic for 2023-2027" and informed about the tax incentives to be implemented in this region.

At the meeting, members of the working group and representatives of consulting companies asked questions about the issues they were interested in. The issues raised were explained, and a number of proposals were recorded for consideration.

In addition, the meeting discussed the goals of the Road Map for 2024 and discussed the works to be implemented in the next period. The working group determined the upcoming goals of the Road Map by the end of the year, and assigned tasks to the relevant structures of the State Tax Service regarding the acceleration of the work towards the implementation of the measures.

For your information, we inform you that the State Tax Service manages the "Tax and accountability" working group of the Commission on Business Environment and International Ratings

 

 

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