Ministry of Taxes is against creation of offshore zones in Azerbaijan.
Minister of Taxes Fazil Mammadov said, commenting on speeches of lawmakers in joint meeting of parliamentary committee on Economic Policy, Industry and Entrepreneurship and Legal Policy and State Building: “It is purposeful to choose other forms for efficient development of the economy”.
According to minister, there is no need to establish offshore zones in Azerbaijan: “Today civil countries apply normal and transparent accounting system, aimed at development of economy. It would be better for us to utilize this experience”.
F. Mammadov added that establishment of free economic zones, industrial parks are more efficient than offshore zones: “We already create industrial neighborhoods and parks in the country. Entrepreneurs can get some advantages operating in this zones. In the future we can apply longer term concessions aimed at stimulation of entrepreneurship”.
report.az