Azerbaijan determines tax and VAT concessions related to COP29

Azerbaijan determines tax and VAT concessions related to COP29
# 20 April 2024 13:27 (UTC +04:00)

In connection with the holding of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) in the Republic of Azerbaijan, incomes of non-resident individuals involved in the provision of goods, conducting of works and provision of services within the scope of this activity are exempt from income tax for a period of 9 months from March 1, 2024 on the basis of the confirmation document of the body (institution) determined by the relevant executive authority, this was reflected in the proposed amendment to the Tax Code included in the agenda of the meeting of the Milli Majlis (Azerbaijani Parliament) to be held on April 23, APA reports.

In connection with the holding of the 29th session of the Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change in the Republic of Azerbaijan, the conducting of works and provision of services by non-residents, as well as the import of goods based on the confirmation document of the body (institution) determined by the relevant executive authority, will be exempted from value-added tax (VAT) for 9 months from March 1, 2024 on the basis of the agreement concluded with the body (institution) determined by the relevant executive authority

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THE OPERATION IS BEING PERFORMED