Bank Of Baku

Cashless operations can be exempted from tax in Azerbaijan

Cashless operations can be exempted from tax in Azerbaijan
# 18 April 2012 10:43 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. Amendments to Code of Tax for extension of cashless payments are being discussed and the proposals on these amendments are likely to be submitted to the Cabinet of Ministers, said the head of the Individuals Registration Department of the Ministry of Taxes of Azerbaijan Natig Shirinov.

According to him, several stimulating offers as well tax concessions on several tax types are offered in the amendments. For example, cashless payments can be exempted from taxes.

But, the discussions are being held, still.
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THE OPERATION IS BEING PERFORMED