are gener?lly ?n
fee levied on individu?ls or corpor?tions th?t is
enforced by ?
government entity, whether loc?l, region?l or
order to fin?nce
In economics, t?xes f?ll on whomever p?ys
the burden of the t?x,
whether this is the entity being t?xed, like ?
business or the end consumers of the business’s goods. T?xation, imposition
of compulsory levies on individu?ls or
entities by governments. T?xes ?re levied in
almost every country of the world, primarily to raise revenue for government
expenditures, although they serve other purposes as well.
The purpose of taxes is to raise
revenue to fund government. Money provided by t?x?tion h?s been used
by states ?nd their
throughout history to c?rry out m?ny
functions. Some of these include expenditures on economic infr?structure
(ro?ds, public tr?nsport?tion, s?nit?tion, leg?l systems,
public s?fety, educ?tion, he?lth c?re systems), milit?ry, scientific
rese?rch, public works,
collection ?nd dissemin?tion, public
insur?nce, ?nd the oper?tion of
When expenditures exceed t?x revenue, a government ?ccumulates debt. ? portion
of t?xes m?y be used to service p?st debts. Governments ?lso use t?xes
to fund welf?re ?nd public
include educ?tion systems, pensions for
the elderly, unemployment benefits, ?nd public tr?nsport?tion. Energy, w?ter and w?ste m?nagement systems ?re also
common public utilities.
governments collect taxes?
Most t?xes are collected ?t
the time a transfer is being m?de -whether it is withholding from a
to the purch?se price of goods at the point of s?le,
or when ? license or permit
In ?ddition, inform?tion
and tax returns ?re filed with the government – such ?s
income, fiduciary, and est?te t?x returns. Tax returns ?e
required to be filed according to the procedural law governing taxes. For
example, individuals are required to file a feder?l income t?x
return showing all income received during the p?st year – if the individu?l
has received ?bove the specified ?mount
of income during the p?st year.
Republic three type of tax ?re determined and p?id: state tax, tax of
autonomous republic, municipal tax.
State tax infers the tax the payment of which is
compulsory throughout the territory of Azerbaijan Republic.
Tax of autonomous republic infers the tax determined by the
legislation of Nakhichevan Autonomous Republic and payable in Nakhichevan
Municipal tax infers tax and payments, determined and
entered into force by the decision of municipalities and payable in the
territories of municipalities. Other mandatory payments, applied by
municipalities, are determined by relevant law.
regulate the following elements of levying tax in their territories: tax
concessions, as well as tax staff within the limits allocated by tax
State tax includes:
1) Income tax
2) Profit tax
3) VAT – value added tax
5) Property tax of legal entities
6) Land tax of legal entities
7) Road tax
8) Industrial tax
9) Tax on simplified system
The limits of all state tax are allocated by
legislation. The amount of state tax, allocated for each separate year,
may not prevail the amount, allocated annually, while adopting the law about
State Budget, these amounts can be revised.