Note that, Azerbaijani President Ilham Aliyev hasn’t signed the amendments to the law “On currency regulation” and sent them back to the Milli Majlis (Parliament of Azerbaijan), the office of the country’s presidential aide on economic reforms said, AzerTac news agency reported.
The message said that this was done taking into account numerous appeals of entrepreneurs and investors.
In accordance with the proposed amendments to the law, it was planned to introduce 20-percent mandatory fees to the state budget from the foreign currency transfer transactions beyond Azerbaijan by individuals and legal entities, who are residents and non-residents of the country, excluding some categories.
The law was broadly discussed on Feb.9 in a closed meeting of the parliament’s commission for economic policy.
Parliament to revise amendments to law "On currency regulation"
12 February 2016
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Azerbaijan
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