Property tax for hotels to be reduced by 75% in districts of Azerbaijan

15:28 - 7.11.2023

November 7, Fineko/ From 2024, the property tax for hotels and sanatoriums in country’s districts will be lowered by 75%, the tax benefit will be valid for three years.

ABC.AZ reports that this is stated in the draft amendments to the Tax Code.

According to the draft, with the exception of the cities of Baku, Sumgayit, Khirdalan and Absheron district, in other cities and districts of the republic, including Nakhchivan, from next year the tax on real estate used in hotel and sanatorium activities will be reduced.

Other news