The Milli Majlis Committee for Economic Policy, Industries and Enterprising Committee had an online meeting on 9 February where Committee Chairman Tahir Mirkishili announced that the agenda had 4 items on.

Presenting the draft amendments (in the second reading) to the Tax Code first, Mr Mirkishili said that most of the motions that the MPs had made at the first reading had been taken into account.

The MPs who took part in the discussion endorsed such provisions of the second-reading draft as the extension from 5 to 7 years (effective 1 January 2017) of the VAT exemption for wheat importation and sales and of wheat flour and bread production and sales. They also approved of the term-extension from 3 to 5 years (as of 1 March 2019) of the VAT exemption of bran production and sales, and subjecting the hookah tobacco sorts to excise duties. Besides, the Committee members found acceptable the AZN 100 excise rate per 1 litre of e-liquid (the rate of excise proposed in the first reading of the document was AZN 220 per 1 litre of vape liquid).

Then came the overview of the draft amendments (in the second reading) to the Law ‘On Unemployment Insurance’, devised to eliminate the very question of interaction between citizens and government officers when insurance payoffs are appointed as well as to make the submission of certain documents by both insurers and insurants redundant.

Committee Chairman remarked that the draft amendments (in the second reading) to the Law ‘On the State Duty’ envisaged termination of notarial event fees in the cases prescribed in the said document.

The MPs were told thereafter that the draft amendments (in the first reading) to the Law ‘On the Suspension of Business Enterprise Checks’ would make keep such checks on hold for another year until 1 January 2022 (with the exception of the specific checks listed in Article 2.1 of the law in question). Besides, it is recommended in the draft that no business checks covering business operations conducted during the moratorium should be allowed on the expiry of the latter.

All the Bills on the agenda of the meeting were discussed meticulously. The MPs Ziyad Samadzade, Ali Masimli, Vahid Ahmadov, Vugar Bayramov, Anar Mammadov, Mahir Abbaszade, Rufat Guliyev, Igbal Mammadov, Agalar Valiyev, Elnur Allahverdiyev, Mazahir Efendiyev and Anar Mammadov put forth their respective views of the matters in hand.

The exchange of opinions was followed by the recommendation of the Committee that the Bills should be tabled for deliberations at a plenary session of the Milli Majlis. 

The Press and Public Relations Department
The Milli Majlis