Tax and VAT benefits to be applied in connection with COP29

15:16 - 21.05.2024

May 21, Fineko/ Azerbaijan to introduce incentives for individuals rendering services within upcoming COP29 in Baku in November.

ABC.AZ reports that the relevant amendments to the Tax Code were approved in the 3rd reading at the plenary session of the Milli Majlis.

According to the amendments, non-resident individuals involved in the supply of goods, services and work within the organization of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) in Baku will be exempt from income tax for 9 months from March 1, 2024.

For this, it is needed to obtain a supporting document from an institution authorized by the executive authority.