15:57 - 8.05.2020

---

May 8, Fineko/abc.az. The Azerbaijani MPs have passed a proposal at today's Milli Majlis session, concerning the introduction of a tax regime in the new Chapter XVIII of the Tax Code.

ABC.AZ reports that the taxpayers engaged in public catering and passenger transportation, who are payers of simplified tax, along with benefits for property and land taxes, are provided with a 50% discount on the amount of simplified tax.

In addition to the above-said, the following benefits are suggested for the spheres of economic activity affected by the pandemic:

- reduction from 14% to 7% of the personal tax rate charged on the source of payment for real estate rentals.

- exemption from paying current taxes for one year and issuing certificates of current tax payments, extension of the deadline for paying the last tax for 2019 until 1 September 2020.

- taxpayers who are not subjects of microenterprises extend the accrued profit (income) and property tax until 1 September of the current year;

- deferred accrual of interest on unpaid taxes, mandatory state social insurance and unemployment insurance premiums from 1 April 2020 to 1 January 2021.