Azerbaijan to automate and simplify tax debt deferral mechanism
Azerbaijan is simplifying and automating the mechanism for deferring tax debts, which officials describe as another important concession for entrepreneurs. According to AZERTAC, State Tax Service head Orkhan Nazarli made the announcement at a session of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.
Nazarli said the changes would automate the right to defer tax debts and simplify the conditions for applying it, removing the requirement to submit additional documents. He said most of the proposed amendments aim to support entrepreneurship, improve the business environment and stimulate economic activity.
Part of the changes were shaped by discussions with business entities and business associations, as well as their proposals. Nazarli said this reflects the importance the government places on state-business dialogue in improving tax legislation.
This story was automatically summarised and translated from AZERTAC. All rights to the story belong to its source.