Azernews.Az

By Amina Nazarli

A two-fold increase in the volume of funds allocated to the off-budget fund of the Azerbaijan Taxes Ministry will significantly improve the tax administration.

Deputy Minister of Taxes Sahib Alakbarov said that an increase in off-budget fund is not only a premium to the salary or premium of employees involved in this or other areas.

“Off-budgetary funds exist in many areas. This practice is used in many countries around the world. The bulk of the off-budget fund is directed to the development of the system, strengthening the material-technical base. First of all, the Taxes Ministry is a state structure with a high level of digitalization and electronic decision issues require quite a lot of money. This is our main direction,” Alakbarov said.

Another part goes to the payment of bonuses to the salaries of employees, granting them premiums, i.e. covers the steps to strengthen their social protection.

“I believe that double increase in off-budget fund will allow to improve tax administration and will strengthen the material-technical base, and in the future we will see the results of this step as an increase of tax revenue,” he said.

Last week, Azerbaijan adopted the changes to the Tax Code, according to which a special budget fund of social protection of tax authorities employees will be formed at the expense of 50 percent of the amount of financial sanctions imposed by the tax authorities, and received by the state budget instead of the pre-existing 25 percent.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

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