Azerbaijan reduces income tax for individuals

Azerbaijan reduces income tax for individuals
# 21 December 2012 13:48 (UTC +04:00)

According to amendments, maximum rate of income tax from individuals was reduced to 25% from 30%, sum of monthly incomes, on which minimum rate was 14%, rose AZN 2,500 from AZN 2,000.

Same taxes were also imposed on involvement of annual incomes from non-business activity to tax.

Besides, the sum from the incomes (which was not involved in tax) of individuals, who earn up to AZN 200, increased to subsistence minimum – AZN 116 from AZN 93, across the country.

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THE OPERATION IS BEING PERFORMED