The Federal Tax Service of Russia
Published: 13.10.2021 19:00
The main directions for the development of cooperation between the tax authorities of Russia and Azerbaijan, as well as issues of convergence in the tax administration of the two countries, were discussed by the Commissioner of the Federal Tax Service of Russia, Daniil Egorov, and the Head of the State Tax Service of Azerbaijan, Orkhan Nazarli.
During the meeting, the parties discussed the implementation of national online cash register systems and shared their experiences. The Azerbaijani colleagues greatly evaluated the system of monitoring macroeconomic indicators by means of online cash registers used in Russia.
The meeting also covered the prospects for the development of digital tax administration for the self-employed and small businesses, as well as cross-border electronic data interchange between companies.
The parties agreed that improving the quality and efficiency of document management creates comfortable conditions for electronic interaction between business entities and state authorities, reduces costs, and creates the basis for invisible tax administration, benefiting both the state and business.
"We are closely following the development and achievements of the Federal Tax Service of Russia in the field of digitalization," Orkhan Nazarli mentioned.
At the meeting of the interdepartmental working group on cooperation in the field of digitalization of the fiscal sphere, representatives of the Federal Tax Service of Russia and the State Tax Service of the Republic of Azerbaijan discussed issues of taxation of e-commerce, the application of taxation rules for controlled foreign companies, as well as issues of international automatic exchange of information on financial accounts.
In particular, Azerbaijani colleagues presented their experience in due diligence of financial institutions. The Russian side shared its experience with automated risk analysis using the data received by means of automatic exchange.
The parties agreed to exchange their accumulated experience in the field of automatic exchange of information and to work out the formats of bilateral cooperation in the field of digital tax administration and coordinated tax audit measures.