2024-06-25 12:38:01
The truth that the State Tax Service and its head are the pinnacle of such the next establishment will signify optimistic financial outcomes for Azerbaijan.
As Day.Az experiences, skilled economist Eyyub Karimli mentioned this on Saturday, answering questions from Pattern.
He famous that it will primarily have an effect on the expansion of the political and monetary authority of Azerbaijan.
“Then again, it will have a big influence on growing the curiosity of different nations in Azerbaijan, additional enhancing the funding local weather. It should additionally contribute to the introduction of European expertise in tax administration in Azerbaijan.
As , every overseas firm, working in a foreign country, initially research its tax laws, its enchancment, transparency, and I imagine that membership of the State Tax Service, and much more so chairmanship in such an authoritative group has opened up nice prospects for this.
This may have a optimistic influence each on bringing the nation’s monetary accounting and tax reporting consistent with worldwide requirements sooner or later, in addition to on growing transparency within the nation, enhancing tax administration, exchanging expertise and, as I mentioned, introducing European requirements.
Then again, this may even have a optimistic influence on the expansion of the nation’s monetary, financial and political affect. Sure, in cooperation with monetary establishments, the development of tax laws performs a giant optimistic position, and on this regard, it should additionally play an vital position in presenting to the nations of the world and worldwide firms sure reforms carried out by Azerbaijan in tax administration. Total, I feel that our nation ought to profit from this. Azerbaijan should use its Tax Code, administration and laws in a optimistic method to additional enhance on this space, in addition to apply its worldwide expertise,” he mentioned.
It must be famous that the pinnacle of the State Tax Service beneath the Ministry of Economic system of Azerbaijan, Orkhan Nazarli, was elected to the publish of president of the group of Intra-European Tax Administrations. He may even chair the Govt Council of the State Tax Service.
Thus, the presidency of IOTA for 2024-2025 was assigned to Azerbaijan.
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