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What relaxations were applied to taxpayers importing goods?
What relaxations were applied to taxpayers importing goods?
According to Article 16.1.11-11 of the Tax Code, with the exception of taxpayers engaged in the oil and gas sector, those belonging to the public sector, and those using the "Green Corridor" exit system, other taxpayers must provide information to the tax authority about goods imported by them. Important points regarding the latest amendments to the Tax Code can be grouped as follows:
First change Taxpayers specified in Article 16.1.11-11 of the Tax Code must submit the form approved by the tax authority regarding imported goods in the prescribed manner. The "Information Form about Goods Imported by Other Taxpayers, Excluding Those Engaged in Oil and Gas Activities or Using the 'Green Corridor' System" was approved by the Collegium of the Ministry of Economy of the Republic of Azerbaijan on March 14, 2022, under Decision No. 6. Previously, taxpayers sometimes submitted documents in free form. After the change, taxpayers must submit this form only through a special section created on the internet tax portal.
Second change Article 16.1.1-11.1 of the Tax Code has been repealed. This article previously required the taxpayer to provide information about the location where the goods, used based on ownership, lease, or other property rights, and/or registered as an economic subject (object) with the tax authorities, would be stored (or unloaded). The repeal of this article is seen as an improvement in tax administration. Furthermore, it is clear from the following changes that control measures regarding taxpayers engaged in imports (except cargo companies) have been relaxed.
According to the change made to Article 16.1.11-11.3, the words "and/or several" were added after the word "one." Before this change, if a taxpayer had one economic subject (object) in the tax authority, there was a requirement to submit the relevant form. For example, if a taxpayer engaged in banking activities had both a head office and branches, they were required to submit the form regarding imports. However, after the change, if a taxpayer has multiple economic subjects (objects), they are no longer required to submit the import-related form to the tax authority. As mentioned earlier, the amendments to the Tax Code have eased the requirements for taxpayers engaged in imports.
The last change concerns the non-commercial and personal use of imported goods. For instance, if an individual entrepreneur imports a passenger car for personal use, they will not need to submit the information form required by Article 16.1.11-11 of the Tax Code to the tax authorities.
According to Article 16.1.11-11 of the Tax Code, with the exception of taxpayers engaged in the oil and gas sector, those belonging to the public sector, and those using the "Green Corridor" exit system, other taxpayers must provide information to the tax authority about goods imported by them. Important points regarding the latest amendments to the Tax Code can be grouped as follows:
First change Taxpayers specified in Article 16.1.11-11 of the Tax Code must submit the form approved by the tax authority regarding imported goods in the prescribed manner. The "Information Form about Goods Imported by Other Taxpayers, Excluding Those Engaged in Oil and Gas Activities or Using the 'Green Corridor' System" was approved by the Collegium of the Ministry of Economy of the Republic of Azerbaijan on March 14, 2022, under Decision No. 6. Previously, taxpayers sometimes submitted documents in free form. After the change, taxpayers must submit this form only through a special section created on the internet tax portal.
Second change Article 16.1.1-11.1 of the Tax Code has been repealed. This article previously required the taxpayer to provide information about the location where the goods, used based on ownership, lease, or other property rights, and/or registered as an economic subject (object) with the tax authorities, would be stored (or unloaded). The repeal of this article is seen as an improvement in tax administration. Furthermore, it is clear from the following changes that control measures regarding taxpayers engaged in imports (except cargo companies) have been relaxed.
According to the change made to Article 16.1.11-11.3, the words "and/or several" were added after the word "one." Before this change, if a taxpayer had one economic subject (object) in the tax authority, there was a requirement to submit the relevant form. For example, if a taxpayer engaged in banking activities had both a head office and branches, they were required to submit the form regarding imports. However, after the change, if a taxpayer has multiple economic subjects (objects), they are no longer required to submit the import-related form to the tax authority. As mentioned earlier, the amendments to the Tax Code have eased the requirements for taxpayers engaged in imports.
The last change concerns the non-commercial and personal use of imported goods. For instance, if an individual entrepreneur imports a passenger car for personal use, they will not need to submit the information form required by Article 16.1.11-11 of the Tax Code to the tax authorities.