Deputy Min­is­ter: About 75pct of tax rev­enues fall on non-oil sec­tor

Azer News - - Business - By Sara Is­rafil­bay­ova

About 75 per­cent of tax rev­enues in Azer­bai­jan in Jan­uaryMay 2017 fell on non-oil sec­tor, said Deputy Min­is­ter of Taxes Ilkin Valiyev at a pre­sen­ta­tion on in­no­va­tion in tax ad­min­is­tra­tion on June 16.

He noted that in gen­eral, tax rev­enues for this pe­riod com­pared to 5 months of last year in­creased by more than 4 per­cent, fur­ther adding that this in­cludes pro­ceeds from all sources, in­clud­ing non-cash trans­ac­tions.

Tax rev­enues to the state bud­get of Azer­bai­jan reached al­most 2.83 bil­lion man­ats ($1.7 bil­lion) in Jan­uary-May 2017, which is 4.7 per­cent more than the forecast.

The Min­istry of Taxes pre­dicts rev­enues in the amount of 7.51 bil­lion man­ats ($4.4 bil­lion), or 46.2 per­cent of the to­tal bud­get rev­enues..

With re­spect to e-ser­vices, he said that al­ready more than 10,000 tax­pay­ers in Azer­bai­jan present an in­voice in elec­tronic form, which means 50,000 trans­ac­tions within a month.

The Deputy Min­is­ter re­minded that from April 1, 2017 VAT [val­ueadded tax] pay­ers with turnover of more than 200,000 man­ats ($117,500) a year, should sub­mit an in­voice to the tax au­thor­i­ties elec­tron­i­cally.

To com­pile an in­voice, the tax­payer needs to go to the "on­line cler­i­cal work and e-tax in­voice" (e-VHF) sec­tion on the web­site and se­lect the "elec­tronic in­voice" sec­tion (e-Qaimә). Then it is nec­es­sary to spec­ify the nec­es­sary data, draw up a doc­u­ment and send it to the de­part­ment.

The same op­er­a­tions can be car­ried out by the tax­payer in off­line mode with the help of special soft­ware "eFP 1.1.3", which can be down­loaded on the web­site

The in­voice, pre­pared by means of soft­ware, is un­der­signed by the client pro­grams "E-imza­layıcı" or "Asan DOC". Th­ese dis­tri­bu­tions are avail­able for down­load at the and asan­ page.

Cur­rently, the Min­istry im­ple­ments 60 types of elec­tronic ser­vices.

Ac­tiv­i­ties un­der the im­prove­ment of tax ad­min­is­tra­tion in the coun­try in­clude re­al­iz­ing a VAT de­posit ac­count, elec­tronic tax in­voices, an elec­tronic cor­re­spon­dence sys­tem be­tween tax au­thor­i­ties and tax­pay­ers, a sys­tem for elec­tronic pay­ment of taxes, in­te­gra­tion with banks in real time mode and etc.

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