The seminar meeting on the topic “Additions and alterations to the Tax code” was held.

The meeting was dedicated to the obligations arising from the Law “On alterations to the Tax code of the Republic of Azerbaijan”, signed on November 29, 2019 by the President of the Republic of Azerbaijan, and the Decree of the President of the country on the application of this law, signed by him on December 25, 2019. Deputy Head of the Territorial Tax Administration No. 10, Rubail Mirzayev, said that tax policy, which is an integral part of the socio-economic policy implemented in Azerbaijan under the leadership of the President of the country, Ilham Aliyev, are improved in accordance with modern requirements of the economy. In continuation of these works, with the purpose of further improvement of entrepreneurship and business environment development, a number of alterations was made to the tax legislation. It was noted that to ensure the formation of an environment of fair competition, a number of incentive articles were added to the Code, the sanctions to be applied to the taxpayers who deliberately violate the law, who previously deliberately try to evade taxes, were hardened. Then, the head of the department of the Ministry of Taxes, Mammad Guliyev, provided detailed information on the main areas, economic goals and tools of additions and alterations made to the Tax Code. It was also noted that, from the point of view of economic and reform goals, alterations made to the Tax Code can be classified in 7 main areas. They cover such goals as ensuring a equal and transparent fiscal environment, improving tax administration, reducing administrative burden of entrepreneurs, stimulating entrepreneurial activity, reducing tax burden of the population and business entities through social benefits, expanding the tax base, fulfilling international taxation and information exchange obligations. M.Guliyev, who had talked about the direction of improvement of tax administration, said that the calculation of VAT based on the cash method starting this year is progressive innovation. Then the meeting participants received answers to their questions.