Azerbaijani State Tax Service talks about planned changes in legislation
By Trend
The changes that are planned to be made into the legislation "On non-cash payments" will not create an administrative burden on citizens in Azerbaijan, the State Tax Service under the Azerbaijani Ministry of Economy told Trend .
The bill on changes to the Law "On Cashless Payments" is under consideration in the Azerbaijani parliament.
According to the bill, non-cash payments that are planned to be made are as follows:
Retail sales over 4,000 manat ($2,352) within one transaction;
Medical payments over 500 manat ($294) within one transaction;
Prizes in the amount of over 3,000 manat ($1,764) and cash payments related to participation in games, which are regulated by the laws "On Lotteries" and "On Physical Culture and Sports" of the Republic of Azerbaijan.
The main goal of the proposed changes is to combat the "shadow economy", ensure transparency of transactions and settlements and replace cash settlements with non-cash settlements.