of August 29, 2002 No. 13/13-25/1980-2347
To the minister of taxes of the Nakhchivan Autonomous Republic,
to heads of the department of work with large taxpayers and the companies with special tax regime, Head department of taxes of the city of Baku, managements of taxes of the Ministry of taxes of the territory
About the requests arriving in the Ministry of taxes concerning accounting of the current tax payments
In response to the requests arriving concerning accounting of the current tax payments the Ministry of taxes reports the following:
According to article 151 of the Tax Code two methods of determination of the current tax payments are applied: By the first method the amount of each current payment, make mine no later than 15 days after the termination of quarter, constitutes 1/4 tax amounts, counted in prior tax year (151.1). According to the second method the taxpayer can determine the sum of the current tax payments by multiplication of amount of the income for this quarter on coefficient of specific weight of tax in its catch the income for last year (without the amounts read from the income) (151.2).
If the taxpayer will not report tax authority what of the above-stated methods will be applied by it, the tax authority takes the first method as basis for calculation of the amount of the current tax payments.
According to article 77.1 of the Tax Code obligation of the taxpayer to pay the current tax payments established in the cases and procedure specified in the Code it is considered its tax liability. According to Article
59.1 in case of failure to pay the current tax payment in time, established by the Tax code, for each overdue day after payment due date the percent in the amount of 0,05 of percent of outstanding amount of the current tax payment is levied from the taxpayer.
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