14:34 - 10.09.2024

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September 10, Fineko/abc.az. Negotiations between Azerbaijan and TikTok about taxation of income from content monetization are in the final stage.

ABC.AZ reports that Fariz Jafarov, executive director of the Center for Analysis & Coordination of the Fourth Industrial Revolution (4SIM), made this statement at panel discussion "Introduction to the Digital & Metaverse Economy" within forum Chain Reaction 2024.

He added that this step is aimed at regulating the income earned by TikTok users in Azerbaijan and is part of the country's strategy to create a modern digital ecosystem.

"Azerbaijan is actively working to increase competitiveness of national business by providing entrepreneurs with necessary tools and infrastructure. The strategic goals of the state include support for small and medium-sized enterprises, creation of data processing centers, ensuring cybersecurity and development of payment systems," he stressed.