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The document is cancelled since  December 30, 2016 according to Item 7 of the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of 30.12.2016 No. 534

RESOLUTION OF THE CABINET OF MINISTERS OF THE AZERBAIJAN REPUBLIC

of June 9, 2005 No. 102

About profit and loss budgets of large state taxpayers

(as amended on 13-05-2016)

For the purpose of strengthening of control of financial and economic activities legal entities, stocks (shares) of which are owned by the state, a part of the system of the State Oil Company of Azerbaijan Republic, JSC Azenerzhi, Zheleznye dorogi Azerbaydzhana Ltd, the Ministries of Communications and Information Technologies, JSC Azersu, Azerbaijan Hava Ltd of Yollara", "Azerbaijani Caspian Sea Shipping Company" Private company, JSC Azerishyg, and Baku Subway Ltd (further - large state taxpayers), forecasting and execution of their income and expenses, and also for the purpose of ensuring increase in transparency in this sphere the Cabinet of Ministers of the Azerbaijan Republic decides:

1. To large state taxpayers annually till July 1 to provide to the Commission formed by the corresponding order of the Cabinet of Ministers of the Azerbaijan Republic for the purpose of preparation of drafts of the government budget and the survey budget, the original versions of drafts of profit and loss budgets for the next year in quarter distribution.

2. Annually till December 1 to provide to large state taxpayers for approval drafts of the profit and loss budget for the next year and the appropriate investing programs in the relevant industry ministry, and also the Ministry of Finance of the Azerbaijan Republic and the Ministry of Economics of the Azerbaijan Republic.

3. To large state taxpayers annually till February 25 to approve profit and loss budgets, having approved them with the relevant industry ministry, and also the Ministry of Finance of the Azerbaijan Republic and the Ministry of Economics of the Azerbaijan Republic. In case of not approval annually of profit and loss budgets at the scheduled time, to large state taxpayers since this time (since February 25) to the period of approval not to allow expenses more than 50 percent from the payments which are actually used during the corresponding period of previous year, except for the salary and others, equated to it, contributions to the State Social Security Fund of the Azerbaijan Republic from salary fund, bank loans, tax and other obligatory payments.

4. To large state taxpayers up to 45 days after every quarter to represent to the Ministry of Finance of the Azerbaijan Republic, the Ministry of Economic Development of the Azerbaijan Republic and on concern in the Department of Energy of the Azerbaijan Republic and the Ministry of transport of the Azerbaijan Republic the approved report on quarter execution of profit and loss budgets. If it is less arrival of the large state taxpayer in the approved reports on quarter execution of estimates or 20 percent higher (or more) from the forecast indicators approved for this period, then in the Ministry of Finance of the Azerbaijan Republic, the Ministry of Economics of the Azerbaijan Republic, on concern reasonable data are represented to the Department of Energy of the Azerbaijan Republic and the Ministry of transport of the Azerbaijan Republic together with the report on it.

4-1. To the Ministry of Finance of the Azerbaijan Republic, the Ministry of Economy and Industry of the Azerbaijan Republic, on concern to the Department of Energy of the Azerbaijan Republic and the Ministry of transport of the Azerbaijan Republic to analyze the approved reports on quarter execution of profit and loss budgets and times a year till March 15 to provide joint data on its results to the Cabinet of Ministers of the Azerbaijan Republic.

5. Approve "Rules of creation of the profit and loss budget of large state taxpayers" it (is applied).

6. Approve "Rules of carrying out monitoring on execution of profit and loss budgets of large state taxpayers" it (is applied).

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