TODAY.AZ / Politics

Azerbaijan specifies measures on tax and monetary-loan policy by 2013

16 April 2009 [14:49] - TODAY.AZ
Azerbaijani President Ilham Aliyev approved a state program on
social-economic development of Azerbaijani regions for 2009-2013 on April 14. This program envisages measures on tax and monetary-loan policy.
As part of the program, the Ministries of Economic Development and Taxes are commissioned to take relevant measures to form fair competitive environment.

It is planned to optimize tax policy and tax rates by 2013. It is also planned to create computer terminals to improve tax services rendered by entrepreneurs and expand a coverage zone.

The Central Bank and Ministries of Finance and Economic Development are commissioned to improve legislative base to expand entrepreneurs' access loan resources. Priorities also comprise development of banking, insurance and leasing services, as well as expanding banks' regional branch network.

The Central Bank together with the Ministry of Communication and Information Technology intends to form a system of post deposits and post accounts at the post network platform and specify organization-legal procedures.

These measures will be financed by the country's public budget, non-budgetary funds, institutions, enterprises and organizations regardless their property form, National Entrepreneurship Support Fund and Azerbaijan Investment Company, local and foreign entrepreneurs, international organizations and foreign countries, as well as other sources not contradicting the legislation.

/Trend Capital/
URL: http://www.today.az/news/politics/51587.html

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