12:33 - 29.12.2023

---

December 29, Fineko/abc.az. The State Tax Service informs that in order to ensure transparency of operations in the field of healthcare and optimize the tax burden, VAT benefits have been granted to medical institutions and individuals engaged in private medical practice.

ABC.AZ reports that according to the latest changes in legislation, 50% of the turnover of medical institutions and individuals engaged in private medical practice, formed on the basis of non-cash payments through a POS- terminal for medical services rendered to the population for the reported term, are subject to deduction from the total taxable turnover for 3 years from January 1, 2024. At that, income from reducing the amount of VAT when charged to the State Budget is exempt from income and profit tax.