Beauty service providers in Azerbaijan will be subject to simplified taxation for five years, APA reports.
This is reflected in a proposed amendment to the Tax Code.
According to the draft, it is proposed to grant beauty service providers the right to apply simplified tax rates for five years (8% on cash turnover and 6% on non-cash turnover). In addition, when calculating VAT payable to the state budget, it is proposed to allow beauty service providers registered as VAT payers to deduct 50% of their turnover generated through non-cash payments made via POS terminals from their total VAT-taxable turnover.