12:46 - 30 January 2023

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January 30, Fineko/abc.az. One of the recent changes made to the Tax Code is linked with the fact that if the capitalized amount of expenses for the repair of leased fixed assets at the end of the year is less than 500 manats, these amounts should be attributed directly to expenses deducted from income.

ABC.AZ was informed at the State Tax Service that according to the amendments to the Tax Code that came into force on 1 January 2022, expenses incurred for the repair of fixed assets that are not accounted for on the lessee's balance sheet and are not reimbursed by rent or are not reimbursed by the lessor are subject to capitalization and deduction from income in the form of depreciation charges.