Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

LAW OF THE AZERBAIJAN REPUBLIC

On October 24, 2000 No. 935-IG

About preferential payment in the government budget of debts of legal entities

This Law establishes rules of implementation of preferential debt repayment of legal entities of the Azerbaijan Republic (further - legal entities) according to the government budget, conditions and terms of preferential payment.

Article 1. Basic concepts

1.0. Treat the basic concepts applied in this Law:

1.0.1. Debts on the government budget - unpaid taxes, debts on non-tax payments and the penalty fee and financial sanctions which are subject to payment in the government budget till October 1, 2000 based on reconciliation of the acts approved between tax authorities and legal entities added by tax authorities for violation of the tax legislation;

1.0.2. The current payments - accomplishment by legal entities in the terms established by the legislation and procedure for the tax and non-tax liabilities which arose before the government budget after October 1, 2000;

1.0.3. The term of preferential payment - the terms applied according to this Law.

Article 2. Law effective period

2.1. Provisions of this Law are applied within 5 years, since date of its introduction in force (deadline for preferential payment).

2.2. This Law is applied to debts of legal entities on the government budget till October 1, 2000.

Article 3. Terms of payment deferral of debts on the government budget and conditions of receipt of the right to preferential payment

3.1. Payment of the debts of legal entities on the government budget which are available for October 1, 2000 is deferred from receipt date of the statement (notification) provided by these persons to tax authorities, and they acquire the right to preferential payment.

3.2. To the legal entity who acquired the right to preferential debt repayment according to the government budget the right to pay debts which payment is delayed, in effective periods of this Law with condition of introduction of the current payments quarterly is granted.

3.3. Since October 1, 2000 charge of penalty fee for debts of the legal entity who acquired the right to preferential payment which payment is delayed stops.

3.4. Obligations of the legal entity on the current payments from October 1, 2000 to its cycle time with the statement (notification) on receipt of the right to preferential payment shall be paid within that quarter when the application, or was submitted the next quarter.

3.5. In case of violation of article 3 of this Law the legal entity loses the right to preferential payment, and from this date its debts on the government budget are recovered in full.

3.6. During effective period of this Law the legal entity can repeatedly address for receipt of the right to preferential payment.

Article 4. The privileges applied during debt repayment according to the government budget

4.1. In case of payment by the legal entity who acquired the right to preferential payment in connection with debts in the government budget, the debts in the budget in the terms established by this Law the following privileges are applied:

4.1.1. in case of payment in the first year of term of preferential payment at least 25 percent of principal debt which payment is delayed other part of principal debt which payment is delayed, and all amount of penalty fee and financial sanctions are written off;

4.1.2. in case of payment in the first two years of term of preferential payment at least 45 percent of principal debt which payment is delayed other part of principal debt which payment is delayed, and all amount of penalty fee and financial sanctions become an inveterate drunkard;

4.1.3. in case of payment in the first three years of term of preferential payment at least 60 percent of principal debt which payment is delayed other part of principal debt which payment is delayed, and all amount of penalty fee and financial sanctions are written off;

4.1.4. in case of payment in the first four years of term of preferential payment at least 70 percent of principal debt which payment is delayed other part of principal debt which payment is delayed, and all amount of penalty fee and financial sanctions are written off;

4.1.5. in case of payment in deadline for preferential payment at least 75 percent of principal debt which payment is delayed other part of principal debt which payment is delayed, and all amount of penalty fee and financial sanctions are written off.

4.2. If the legal entity who paid debts with use of this or that term specified in articles 4.1.1-4.1.5 of this Law will not execute the flowing payments subsequently, its former debts on the government budget are not recovered.

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