Current and Proposed Non-Oil Tax System in Azerbaijan

• Record Nr.: UNINA9910788344703321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2008
• ISBN: 1-4623-9917-7; 1-4527-4201-4; 9786612841767; 1-4518-7083-3; 1-282-84176-9
• Descrizione fisica: 1 online resource (21 p.)
• Collana: IMF Working Papers; IMF working paper ; ; WP/08/225
• Disciplina: 336.2
• Soggetti: Taxation - Azerbaijan; Revenue - Azerbaijan; Tax administration and procedure - Azerbaijan; Personal Finance -Taxation; Public Finance; Taxation; Corporate Taxation; Personal Income and Other Nonbusiness Taxes and Subsidies; Business Taxes and Subsidies; Taxation, Subsidies, and Revenue: General; Public finance & taxation; Corporate & business tax; Income and capital gains taxes; Value-added tax; Corporate income tax; Revenue administration; Personal income tax; Income tax; Spendings tax; Corporations; Revenue; Azerbaijan, Republic of
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; I. Introduction; II. Non-Oil Tax Revenue Developments; Tables; 1. Former Soviet Union Countries: Progress on Tax Policy; Figures; 1. Non-oil Revenues to Non-oil GDP; 2. Non-Oil Tax Revenues, 2003-07; 2. Composition of Non-oil Taxes; 3. Direct and Indirect Non-oil Taxes; III. Main Issues of the Current Non-Oil Tax System; IV. Estimates of the VAT and Customs Revenue Potential; 3. Estimates of VAT Revenue Potential, 2005-07; V. Reforming the Non-Oil Tax System; A. Short-Term Measures; 4. Estimates of Customs Duties Revenue Potential, 2005-7; Boxes; 1. Short-Term Recommendations; 2. Conditions for an Effective Self-Assessment SystemB. Medium-Term Measures; 5. Non-Oil Tax System, 2006; 6. Current Flat Taxes; 7. Summary of the Flat Tax Systems; VI. Main Findings and Recommendations; References
• Sommario/riassunto: This paper analyzes developments in non-oil tax policy, administration, and revenues in Azerbaijan, and suggests measures for further improvement. The main finding is that Azerbaijan's non-oil tax revenues increased significantly as a share of non-oil GDP in the last five years, but remain below potential. The non-oil tax revenue shortfall is mainly due to widespread exemptions, but there is scope for strengthening tax and customs administration. In the short term, expanding the tax base and better tax and customs administration will yield more revenues. In the medium term, more far-reaching reforms including reducing some direct tax rates, should be considered. The overall reform package could be made broadly revenue neutral by improving taxpayers' compliance and reducing exemptions.