Baku, Azerbaijan, Feb. 13
By Anvar Mammadov – Trend:
The scope of simplified tax subjects must be expanded in Azerbaijan, head of the National Confederation of Entrepreneurs (Employers’) Organizations of Azerbaijan Mammad Musayev said addressing the “Taxes. Transparency. Development” conference on Feb. 13.
Total taxable operations volume quota for any month of a year, to enroll for the simplified tax payment, must be increased to 500,000 manats.
Current maximum operations volume to be eligible for the simplified tax is 200,000 manats.
In the simplified tax payment system legal entities are exempted from VAT, profit tax and property tax, whereas individuals don’t pay VAT and profit tax.