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Azerbaijan may launch tax amnesty - EXCLUSIVE

Azerbaijani parliament received a draft law with the initiative of President Ilham Aliyev on launching a tax amnesty.

The draft law will be discussed at the Standing Commission on Economic Policy, Industry and Entrepreneurship tomorrow.  

 

According to the document, the tax amnesty will concern legal and individual persons with tax debt as of January 1, 2017. So, if these persons pay 30% of debt in January, 50% in February and 70% in March, the remaining part of the debt will be forgiven.  

 

The draft law was elaborated on the basis of international practice.

 

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