Minister: De-shadowization of salaries will have positive impact on restoration of bank loans’ role in Azerbaijan’s economy

Baku. 7 December. REPORT.AZ/ Under the amendments in the Tax Code, the de-shadowization of salaries will have positive impact on restoration of bank loans' role in Azerbaijan’s economy, Minister of Taxes Mikayil Jabbarov said in a televised speech on ITV channel, Report informs.

According to him, there is discrepancy between real and documented salaries.

"This case limits citizen to benefit from both long-term lending, such as mortgage, and short-term lending, which, in its turn, hinders economic development," Jabbarov said.