18 March 2018

Azerbaijan's economic stability should be strengthened

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I believe that the world prices of crude oil will get back to their earlier conditions. I think we need to strengthen resilience of the economy.

World Bank Country Manager for Azerbaijan, Larisa Leshchenko said at the tax forum in Baku.

According to her, reforms should continue: "The Ministry of Taxes' raising of the limit for the simplified tax from 120,000 to 200,000 is a positive step. However, you should consider the share of shadow economy. For example, according to some figures, it is 32%, while other figures it is 50%. Of course, owners resort to various methods to reduce the tax burden falling on them. Simplifying the tax system is crucial."

2016.02.10 / 12:20
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