How will microbusiness entities in Azerbaijan have to pay taxes in 2019?

  25 December 2018    Read: 981
 How will microbusiness entities in Azerbaijan have to pay taxes in 2019?

Starting from 2019, microbusiness entities in Azerbaijan will pay profit tax and income tax after deducting benefits, Director General of the Tax Policy Department of Azerbaijan’s Ministry of Taxes Samira Musayeva said at a press conference on the changes made to the Tax Code of Azerbaijan, AzVision.az reports.

Explaining the amendments to the legislation, she noted that the ministry won’t require entrepreneurs to pay the entire tax, and then return the amount subject to exemption.Starting from Jan. 1, 2019, 75 percent of monthly income and profits of

microbusiness entities will be exempt from the payment of the profit tax and income tax.

In addition, micro-entrepreneurs (startups) who received a special document confirming their innovative activities will be exempt from profit tax and income tax for a period of three years.

In Azerbaijan, microbusiness entities are companies with an annual income of up t


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