(MENAFN- AzerNews)
By Sabina Mammadli
A 'Track and Trace' unified state automated information system
will be created in Azerbaijan, Azernews reports.
The topic was reflected in the proposed amendment to the Tax
Code at today's meeting of the parliamentary committee on economic
policy, industry, and entrepreneurship and recommended for
consideration at the plenary session of the parliament.
It was noted that the draft law will be prepared in order to
regulate the circulation of excise goods and goods with mandatory
labeling, as well as ensure tax control over the import,
production, sale, and circulation of them.
Upon adoption of the draft law, it's planned to create a 'Track
and Trace' unified state automated information system, which allows
controlling the circulation of said goods, along the entire chain
from production and import to the end consumer. This will play an
important role in eliminating the shadow economy, preventing
counterfeiting of excise goods and excise stamps, and ultimately
protecting consumer rights.
During the same session, Deputy Head of the State Tax Service
under the Ministry of Economy Samira Musayeva noted that the amount
of VAT refund to consumers is planned to be increased in
Azerbaijan, starting next year.
She added that the purpose of this is to encourage cashless
payments.
Further, she noted that Azerbaijan considers the issue of the
introduction of seasonal taxes.
The official pointed out that the issues on the provision of
benefits to business entities engaged in seasonal activities are
being considered.
Musayeva noted that these issues are also being considered
within the framework of the strategy for the social and economic
development of Azerbaijan.
'The proposals of entrepreneurs are also taken into account in
this matter,' she added.
Moreover, the proposed amendment to the law 'On state duty'
covered the issue of exemption of state duty.
According to the proposition, the exemption of state duty for
mandatory labeling of tobacco products can be canceled in
Azerbaijan.
The proposal said that manufacturers and importers of tobacco
products will be exempted from paying the state duty provided for
in Article 20-3.2.1 of this law (-0.07 for providing mandatory
labeling of excisable goods) for mandatory labeling of these
products within one month from the date of receipt of the
notification from the authority (institution) established by the
relevant executive authority on connection to the information
system.
The body, determined by the relevant executive authority, may
extend the period specified in the first sentence of this article
five times, but not more than once a month.
Meanwhile, the process of receiving grants will become more
transparent in Azerbaijan, according to the proposed amendment to
law 'On grants'.
The main goal of the proposed amendment is to ensure
transparency in obtaining grants, the formation of a system that
meets modern requirements in this area, the creation of a unified
information system covering the necessary information on grants,
ensure the maintenance of the prescribed registry based on the same
forms, methods, and principles.
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Sabina Mammadli is AzerNews' staff journalist, follow her on
Twitter: @SabinaMmdl
Follow us on Twitter @AzerNewsAz
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