Bank Of Baku

Tax breaks and higher simplified tax limits proposed to boost cashless transactions in Azerbaijan

Tax breaks and higher simplified tax limits proposed to boost cashless transactions in Azerbaijan
# 04 November 2025 13:03 (UTC +04:00)

As a continuation of tax reforms, a draft amendment to the Tax Code has been submitted to the Milli Majlis to further support diversification of economic growth and transparency, said  Economy Minister Mikayil Jabbarov during the discussion of the "2026 State Budget Envelope of the Republic of Azerbaijan" at the meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, APA reports.

"It is planned to provide tax breaks to the public catering sector to stimulate cashless transactions. At the same time, it is planned to increase the simplified tax limits from 200 thousand manat to 400 thousand manat," the minister noted.

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