Azerbaijan: Tax exemptions for investors, entrepreneurs

Tax exemptions for investors in Azerbaijan

Changes to the tax law in Azerbaijan include the following tax exemptions for those that have obtained an “investment promotion certificate.”

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  • Exemption from profit tax: The profit of entities that have obtained investment promotion certificates will be exempt from income tax for a period of seven years from the date when the certificate was obtained. 
  • Exemption from VAT: Any entity or individual entrepreneur that has obtained an investment promotion certificate will be exempt from value added tax (VAT) for a period of seven years from the date when the certificate was obtained—that is, VAT on import of equipment, technological equipment, and devices as agreed to by the relevant executive authority. 
  • Exemption from property tax: Any entity or individual entrepreneur that has obtained an investment promotion certificate will be exempt from property tax for a period of seven years from the date when the certificate was obtained. 
  • Exemption from land tax: Any entity or individual entrepreneur that has obtained an investment promotion certificate will be exempt from property tax for a period of seven years from the date when the certificate was obtained. 

 

Read a February 2016 report prepared by the KPMG member firm in Azerbaijan:  Special Edition - Significant Legislative Changes

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