One of principles of these encouraging measures is application of tax concessions. According to her, these measures have already had positive impact on some spheres such as agriculture, dividends on securities, interest incomes on bank savings, tax exemption for profit directed to capitalization in banking, insurance and reinsurance sector.
Hasanova noted that application of tax concessions in real economy and non-oil industry will increase investment flow and several positive results. However, she acknowledged that approach to tax concessions policy is not unambiguous. So, if there are not positive results such as creation of value added and development of priority spheres, application of tax concessions causes narrowing of tax base and consequently, reduction of tax collection. Therefore, tax concession policy should balanced and efficient.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
