Bank Of Baku

Deposits in Azerbaijan-based banks exempted from income tax for three years

Deposits in Azerbaijan-based banks exempted from income tax for three years
# 19 January 2016 13:06 (UTC +04:00)

According to amendments, annual interest rates paid by local banks and Azerbaijan-based branches of foreign banks for individuals’ deposits, as well as dividend, discount (price below par) and interest rates paid by the issuer on the investment securities are exempted from income tax.

 

 

 

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