BUDGET AND TAX POLICY OF THE GOVERNMENT OF AZERBAIJAN AGAINST THE CORONAVIRUS

Ağarzayev A.

Economic and Social Development: Book of Proceedings; Varazdin, vol.1224, no.70, pp.104-108, 2021 (Conference Book)

Qısa məlumat

ABSTRACT

The challenge of COVID-19, thrown to virtually all human beings, forced them to take urgent decisions. The COVID-19 epidemic required the government to adopt operational solutions to minimize the spread of the virus, as well as to support the economy and the population. Similar to the main areas of anti-crisis policy, the developed and developing countries are differentiated, first, by the volume of support and, secondly, by the set of tools used. Resolutions adopted by the Government of Azerbaijan fully agree with international practice in the areas of support. In this regard, the stated volumes and priority tools of neutralization of the negative socio-economic consequences of the pandemic in Azerbaijan differ from the leading economic world. The most important tasks of the Strategy for the further development of Azerbaijan in the conditions of the pandemic are the improvement of tax administration, the continuation of the course on the reduction of tax breaks and the simplification of the tax system. The main objectives of tax reform in Azerbaijan are to ensure financial security and the development of small and medium enterprises in the country, the creation of favorable conditions for entrepreneurship and budgeting. The creation of a favorable institutional environment for small and medium-sized businesses contributes to the diversification of the economy, the expansion of the non-oil sector on the principles of development, the opening of new jobs and, at the same time, its modernization. Timely reform of the system of state management allows Azerbaijan not only to adequately respond to the challenges of the pandemic period, but also to formulate tasks and defense mechanisms for the entire post-pandemic system of key interference. This work is dedicated to the study of tax policy in Azerbaijan in overcoming the pandemic. There is a review of scientific literature and normative legal acts, synthesis and analysis of the information obtained, as well as comparisons and analogies.

Keywords: Tax policy, pandemic, tax system, tax benefits and holidays