TODAY.AZ / Business

Azerbaijan Entrepreneurs Confederation against opening of bank accounts to deduct VAT

22 February 2007 [09:05] - TODAY.AZ
To open a special account for deduction of VAT in Azerbaijan is not correct.

It is not favorable for businesses. This means premature withdrawal of capital form the circulation. It would be better for businesses to pay VAT voluntarily at the end of the period, President of Azerbaijan national Confederation of Entrepreneurs (Employers), Alakbar Mammadov, told APA.

He said that the confederation will set forth its proposals after September as he tax Code as amended a few months ago.

URL: http://www.today.az/news/business/36866.html

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