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

On May 1, 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. Representatives of the State Tax Service, Ministry of Justice, Ministry of Finance, Central Bank, Small and Medium Business Development Agency, State Agency for Service to Citizens and Social Innovations under the President of the Republic of Azerbaijan, Analysis and Communication Center of Economic Reforms, as well as representatives of consulting companies included in the working group and entrepreneurs attended the event.

Head of the working group, deputy head of the State Tax Service Ilkin Valiyev, the work carried out on the relevant indicator ("Taxation") of the "Business Ready" report presented by the World Bank, points taken into account in the new Road Map for 2024 based on experience, as well as the meeting informed about other issues on the agenda.

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 work carried out in the field of taxation on the Road Map, and stressed the need to inform the business sector more intensively about the reforms, innovations, and the available opportunities in tax legislation and administration. .

At the meeting, the work carried out on the relevant indicator ("Taxation") of the "Business Ready" report presented by the World Bank, as well as points related to the approaches of the state and private sector were brought to attention, it was noted that meetings were held with consulting companies in this field and information work was carried out. For this purpose, it was emphasized that information consisting of questions and answers on the level of preparation of the regulatory framework in the field of taxation on issues of interest to consulting companies has been prepared.

At the meeting, extensive discussions were held on a number of issues, especially points arising from the international experience on environmental protection were in focus. Fidan Sadikhli, manager of the Climate Change and Sustainable Development Services Division of EY Azerbaijan Company, reported on the carbon taxes and emission trading system aimed at environmental protection goals. It was noted that in international practice, different countries prefer one of these two systems in terms of their level of development and economic goals. Some countries seek to limit greenhouse gas emissions through carbon taxes, while others seek to achieve both environmental and economic benefits by managing carbon emissions. At the meeting, it was noted that work on the evaluation of these experiences for the future period is being carried out in our country.

A number of issues faced by entrepreneurs related to tax legislation were also discussed at the event. Rasul Orujov, Chairman of the Supervisory Board of "Aghstafa Agrar Industrial Complex" LLC, who participated in the meeting, raised the issue of the application of concessions given to the agricultural sector, the impact of VAT-exempt and non-VAT services on the work process. Authorized representatives of the State Tax Service, represented in the working group, clarified the issues raised by the entrepreneur, and at the same time suggested that issues arising in specific business activities should be discussed separately.

At the meeting, tasks provided for in the 2024 Roadmap regarding the "Taxation" indicator of the World Bank Group's "Convenient Business Environment" project were discussed. For the current year, information was provided on the measures planned for the clarity of tax legislation and administration, transparency of changes in tax regulations, environmental taxes, digitization of tax administration, tax audit, dispute resolution mechanism sub-indicators of the Road Map. The working group determined the upcoming goals of the Road Map during 2024, and assigned tasks to the relevant structures of the State Tax Service to accelerate the work towards the implementation of the measures.

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