BAKU, Azerbaijan, December 5. Amendments to the Tax Code were submitted for discussion in the third reading at session of Azerbaijan's Milli Majlis (parliament), Trend reports.
The amendments envisage increasing the excise tax rate on cigarettes and alcoholic beverages, expanding the list of products exempted from excise tax, establishing excise tax on motorcycles, changing the terms of the tax grace period for micro-entrepreneurs, stimulating the transition to small business, exempting micro-entrepreneurs from paying taxes in the amount of 25 percent of their social insurance contributions, determining tax exemptions related to private medical institutions, persons engaged in the provision of social security, as well as the establishment of tax incentives for the taxpayers.
After discussion, the document was put to a vote and approved in the third reading.
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