APA-Economics reports that Chairman of Economic Policy Committee of the Parliament Ziyad Samadzadeh gave information about the draft law on ‘Exemption of interests paid on individuals’ deposits by banks and credit organizations from income tax’.
‘At present, total amount of population’s deposits in banks exceeded AZN 4 bn. The calculations show that in 2013 the owners of these deposits will be able to get about AZN 500 mln revenue on these deposits. The amount of income tax from this sum is at the range of AZN 60-70 mln’, said Samadzadeh.
The MP assessed this draft law as New Year gift for depositors.
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