Current and Proposed Non-Oil Tax System in Azerbaijan.
Title:
Current and Proposed Non-Oil Tax System in Azerbaijan.
Author:
Fund, International Monetary.
ISBN:
9781451915365
Personal Author:
Physical Description:
1 online resource (21 pages)
Series:
IMF Working Papers
Contents:
Contents -- I. Introduction -- II. Non-Oil Tax Revenue Developments -- III. Main Issues of the Current Non-Oil Tax System -- IV. Estimates of the VAT and Customs Revenue Potential -- V. Reforming the Non-Oil Tax System -- A. Short-Term Measures -- B. Medium-Term Measures -- VI. Main Findings and Recommendations -- Tables -- 1. Former Soviet Union Countries: Progress on Tax Policy -- 2. Non-Oil Tax Revenues, 2003-07 -- 3. Estimates of VAT Revenue Potential, 2005-07 -- 4. Estimates of Customs Duties Revenue Potential, 2005-7 -- 5. Non-Oil Tax System, 2006 -- 6. Current Flat Taxes -- 7. Summary of the Flat Tax Systems -- Figures -- 1. Non-oil Revenues to Non-oil GDP -- 2. Composition of Non-oil Taxes -- 3. Direct and Indirect Non-oil Taxes -- Boxes -- 1. Short-Term Recommendations -- 2. Conditions for an Effective Self-Assessment System -- References.
Abstract:
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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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