Azerbaijan to reduce taxes for small, medium-sized businesses

  10 August 2016    Read: 1408
Azerbaijan to reduce taxes for small, medium-sized businesses
Income tax and value added tax (VAT) rates for small and medium-sized enterprises engaged in production will be reduced in Azerbaijan, the country’s Deputy Taxes Minister Ilkin Valiyev said.
He made the remarks at a press conference dedicated to execution of the order of Azerbaijan’s president, dated Aug. 4, 2016, “On improvement of tax administration and approval of directions of reforms in taxation in 2016.”

Valiyev added that in this context, it is planned to amend Azerbaijan’s legislation and simplify tax administration.

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