Azerbaijan to introduce real estate tax
Azerbaijan, Baku, October 28/ Trend, A. Akhundov/
Azerbaijan prepares to introduce a real estate tax.
The use of this type of tax is one of the priorities of the country's tax policy in the coming years, Azerbaijan's socio-economic development concept for 2014 and the next three years said.
The budget package for 2014 is now considered by Milli Majlis (Parliament) of the country.
Real estate tax will be applied on the basis of property and land taxes. In parallel, the government intends to move to a system of counting taxes on the basis of market prices.
Besides property and land taxes, Azerbaijan uses 7 more types of taxes.