Media entities exempt from paying these taxes

12:18 - 6 February 2023

February 6, Fineko/ Income received from activity by individuals or legal entities (except journalists) engaged in the publication and (or) dissemination of mass media, including their income from advertising, as well as financial assistance provided to them by the relevant state institution, are exempt from income tax, income and simplified taxes.

ABC.AZ reports that this was reflected in the proposed amendment to the Tax Code, discussed at today's meeting of the Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship.

According to the draft, the benefits will be valid for 3 years, starting from 1 January 2023.

Tax benefits do not apply to subjects of audiovisual media.