List of tax-exempt spheres


April 1, Fineko/abc.az. The Ministry of Economy has announced about the business support measures aimed at reducing the consequences of the coronavirus pandemic.

ABC.AZ reports that important part of the measures concerns tax incentives.

The program of tax incentives, reliefs and vacations for business entities working in spheres affected by the pandemic:

• Provision of benefits on the simplified tax for entities of micro businesses for the corresponding period

* Exemption from property and land tax for the relevant period

* Exemption of taxpayers from profit (income) tax for the appropriate amount and for the quarantine period

• Reducing the simplified tax regime for individuals engaged in the catering and the payers of tax on profit (income) - exemption from tax on profit (income).

By Elmir Murad