Imposition and collection of taxes is the main component of the financial activity, which consists of the formation, distribution and use of financial funds of the state and municipalities. The state of financial resources necessary and required to ensure the country's socio-economic development, security and defense capability directly depends on taxation.
In this article, we will provide detailed information about the important points that you should consider when preparing tax reports, the submission of tax reports and your responsibility for legal violations that arise at this time.
How are tax reports prepared?
Preparation of tax reports or declarations the procedure is determined by the Tax Code. In accordance with the legislation, if an independent auditor participates in the process of preparing a tax return of a taxpayer, he must sign the tax return, stamp it, and indicate his taxpayer's identification number.
If the report is prepared by several developers, it is signed by the main developer. The tax report must be signed by the taxpayer or his authorized representative. Taxpayer reports that have been clarified or not submitted on time can be submitted to the taxpayer until the day of the mobile tax audit.
How is the deadline for paying taxes and filing tax returns determined?
Payment terms for each tax are determined by legislation. Changing this period is carried out only in accordance with the rules established in the Tax Code. Tax payment terms in case of violation, each taxpayer pays interest according to the rules established by the legislation. Tax payment periods are determined by the end of the period calculated in days, weeks, decades, months, quarters, calendar years or years, as well as by indicating the action to be taken or the event to occur.
The taxpayer has the right to request the calculation of incorrectly collected interest, tax and financial sanctions, the return or compensation of the already paid amount within 5 years after the end of the tax reporting period.
The term of submission of declarations It is different for each type of tax. For example, the excise tax declaration must be submitted no later than the 20th of the month following the reporting period. With the deadlines for submission of declarations to this link you can get information by switching.
In what cases is the tax report not accepted?
Only the calculated tax amount is paid to the budget according to the report submitted during the voluntary tax disclosure. If tax reports or declarations are not submitted on time, measures are taken by the tax authorities. The sending of reports in accordance with the electronic document form is carried out in the manner determined by the relevant executive authority.
According to the AR Tax Code, the tax report is not accepted in the following cases:
- If the Taxpayer Identification Number (TIN) is not provided or is provided incorrectly
- Unless the tax period is reflected
- Unless the tax report submitted by a legal entity that is a taxpayer is signed or certified with a seal
- If the tax report is not signed by an individual who is a taxpayer;
- In the event that the tax report sent by legal and natural persons who are taxpayers in the form of an electronic document does not comply with the requirements of the relevant legislation.
How are we liable for delinquencies related to filing a tax report or return?
In accordance with the tax legislation of the Republic of Azerbaijan, if legal violations related to the submission of tax reports or other information are detected, then certain amounts of financial sanctions may be applied to taxpayers:
- For non-submission of the tax report within the specified period by the taxpayer conducting taxable or non-taxable operations for the reporting period - 40 manats
- Due to failure to submit the report specified in Article 16.9 of the Tax Code (regarding the enterprise that is part of the group of multinational companies and is a resident of AR) in the specified time, form and manner - 10000manats
- If the taxpayer does not pay his debts for taxes, interests and financial sanctions within the specified period, the tax authority may request the submission of information on assets within 10 days. To the taxpayer who does not provide the intended information within the specified period without reason - 100 manats
- Accounting documents, information in electronic or paper format must be kept for a period determined by law, not less than 5 years. If it is not kept without a valid reason - 1000 manats
- with the exception of small and micro business entities, information on the required material and raw material consumption norms per unit of manufactured product must be submitted electronically to the tax authority by January 31 of each year. If it is not submitted within the specified period, or if the submitted information is distorted - 1000 manats
You can take advantage of the services provided by our company (related to the timely payment of taxes and the submission of declarations in the specified form, manner and time) in order to avoid the occurrence of the above-mentioned and other violations of law.
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