ASSESSİNG TAX SYSTEMS USİNG A BENCHMARKİNG METHODOLOGY IN AZERBAİJAN


Keywords: direct taxes, indirect taxes, budget revenues, shadow economy, non-tax revenues.

Abstract

Topicality. The formation of a competitive economic system, which is considered an important factor in the economic development of the country, is possible only through the creation of an effective tax policy, improved legislation and a favorable tax environment. In this regard, the specific weight of direct and indirect taxes in those countries was shown, and in the main part, a comparison was made with Azerbaijan, and information on the development directions and priorities of the tax system were reflected. Development of the tax system based on innovations, active in international projects participation and joining global initiatives, establishment of partnership relations with business entities and further strengthening of corporate compliance are some of the strategic tasks ahead. Currently in the Republic of Azerbaijan, tax policy and budget-tax policy, which are an important form of it, are carried out in accordance with the conditions of the market economy, and its effective research and analysis of principles, methods and mechanisms for organization, as well as preparation of generalized macroeconomic state measures, theoretical and practical importance earns.
Aim and tasks. It is to evaluate some potential efficiency indicators by comparing the diversification of Azerbaijan's budget revenues and especially the share of tax revenues in revenues with other countries.
Research results. Economic research has been conducted to increase direct and indirect taxes, and for the first time, the definition of key indicators to achieve the goal is put forward in the form of a scientific argument.
Conclusion. Suggestions were made for the units under study, and key examples of measurable indicators for adapting to countries with effective experience in three areas were given. Possibility of using key efficiency indicators as a scientific source to increase the share of taxes in budget revenues, as well as as an appropriate alternative source for new research. The number of proposed indicators and objectives is not limited and is open to research areas for innovation.

Author Biography

ELVIN. T. PASHAYEV

Ph.D. candidate, Department of “Theoretical and practical economics”,
UNEC, Azerbaijan
AZ1072, Hasan Aliyev, 135, Baku, Azərbaijan
Head of Economic analysis and forecasting division,
Transport Department of SOCAR
AZ 1000, Neftchilar ave. 73 Azerbaijan, Baku

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© 2022 The Author(s). Published by IMPEER. This is an Open Access article under the CC BY 4.0 license.
Published
2022-09-20
How to Cite
PASHAYEV, E. T. (2022). ASSESSİNG TAX SYSTEMS USİNG A BENCHMARKİNG METHODOLOGY IN AZERBAİJAN. Economic Innovations, 24(3(84), 36-42. https://doi.org/https://doi.org/10.31520/ei.2022.24.3(84).36-42