They are exempt from taxes for 3 years

16:33 - 10.07.2024

July 10, Fineko/abc.az. The Agency for the Development of Small & Medium-sized Businesses (KOBIA) under the Ministry of Economy has issued startup certificates to 10 more SMEs.

ABC.AZ reports with reference to KOBIA that out of the SMEs that have received certificates, 9 are legal entities and 1 is an individual.

Thus, the number of SMEs that have received startup certificates has reached 161.

This certificate exempts from paying income tax and income tax on innovation activities for 3-year term from the date of receipt of the document.