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Azerbaijan Outlines Tax Policy Priorities

by Tatiana Smolenska, Tax-News.com, Moscow

04 November 2013


Azerbaijan has announced its tax policy priorities for the next three years, which are currently being considered by parliament.

The announcement revealed that the country plans to establish a Tax Ombudsman Institute in the near future, following in the footsteps of Georgia, Australia, Canada and Britain, as well as institutions for private tax consultation.

Azerbaijan also plans to improve the training of tax personnel by updating education methods, in addition to increasing international cooperation and aligning its tax legislation with global standards, improving electronic services, and improving the fiscal and regulatory functions of its tax policy.

It intends to introduce seven new types of taxes, including a real estate tax.

According to the announcement, net taxes on products and imports are forecasted to account for 7.6 percent of Azerbaijan's gross domestic product in 2017, up from 6.1 percent in 2012. Real growth in net taxes is predicted to be 7.9 percent in 2013, 9.6 percent in 2014, 8.4 percent in 2015, 8.8 percent in 2016, and 8.4 percent in 2017.

TAGS: tax | training | education | legislation | Azerbaijan | tax reform | standards | services | Tax

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