PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of October 23, 2003 No. 974

About approval of Rules of collection of payments for use of subsoil, sites of bottom and the water area of the sea

For the purpose of ensuring execution of the Law of the Azerbaijan Republic "About subsoil" I decide:

1. Approve "Rules of collection of payments for use of subsoil, sites of bottom and the water area of the sea" (are applied).

2. This Decree becomes effective from the date of signing.

Approved by the Presidential decree of the Azerbaijan Republic of October 23, 2003 No. 974

Rules of collection of payments for use of subsoil, sites of bottom and water area of the sea

1. These rules are prepared according to the Law of the Azerbaijan Republic "About subsoil" and the Presidential decree of the Azerbaijan Republic of April 27, 1998 No. 701 "About application of the Law of the Azerbaijan Republic "About subsoil" and establish rules and conditions of collection of payments for use of subsoil, sites of bottom and the water area of the sea, and also the amount of payment and criteria of its appointment.

2. Treat payments for use of subsoil, sites of bottom and the water area of the sea payments for search and investigation of mineral deposits, and also construction and operation of the underground constructions which are not connected with mining. Payments are paid in the State fund for recovery of base of mineral raw materials.

3. Payments for mining are paid according to the Law of the Azerbaijan Republic "About the tax of trade". Within the mountain branch provided for mining, the payment for investigation of minerals is not levied from the user.

4. Execution of these rules is obligatory for all users subsoil irrespective of pattern of ownership and legal form.

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