13:31 - 30.03.2020

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March 30, Fineko/abc.az. We propose to introduce tax holidays and the application of benefits.

ABC.AZ was made a relevant statement by MP Vugar Bayramov.

According to the MP, tax holidays will be important for entrepreneurs, especially in the post-coronavirus period.

Bayramov says the proposals do not end on that: "The suggestions also include speeding up the application of VAT. However, we believe it is more appropriate to introduce a lower VAT in the sectors most affected by coronavirus. In order to increase access to subsidized loans, improve the collateral system and make more effective use of these loans by entrepreneurs, especially in the regions, we suggest introducing a new collateral mechanism and improving encumbrances on movable and immovable property. We also offer a direct support mechanism to minimize the impact of coronavirus on the social status of our citizens. I think this is important in terms of supporting entrepreneurship both in the era of coronavirus and in the post-coronavirus period."