Benefits to be provided to companies supporting public and social funds


November 30, Fineko/ Within the framework of corporate social responsibility in Azerbaijan, it is proposed to establish benefits for companies that support funds created for public and social purposes. 

ABC.AZ reports that this issue is reflected in the proposed amendments to the Tax Code. 

Starting from 1 January 2019 a certain part of the funds transferred by taxpayers to enterprises, departments and organizations operating in the field of science, education, healthcare, sports and culture within the framework of social responsibility is deducted from the income tax liability of these persons.