Azerbaijan exempts its trade reps from income tax
Baku, Azerbaijan, Dec. 1
By Anvar Mammadov – Trend:
Azerbaijan’s trade representatives and employees of their offices in foreign countries have been exempt from income taxes, according to the amendments to the Tax Code of Azerbaijan adopted Dec. 1 in the country’s parliament.
President Ilham Aliyev decreed on Jan. 26, 2017 to appoint trade representatives of Azerbaijan in the country’s embassies and consulates abroad.
Under the decree, the country’s economy minister will appoint trade representatives in the Azerbaijani embassies and consulates abroad to facilitate business ties and increase the effectiveness of export promotion measures, represent and fully protect the trade and economic interests of the country and exporters in foreign countries, and expand the delivery of Azerbaijani products to foreign markets.
According to the decree, the trade representatives will take measures to expand Azerbaijan's trade and economic relations with the countries where they are appointed.
The trade representatives will also take measures to protect economic interests, increase exports of goods and services of Azerbaijan, promote the business and investment opportunities in the country, the decree said.
To date, Azerbaijan’s trade representatives have been appointed in Russia, China and the UAE.