(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 10 . Business
entities in the liberated territories of Azerbaijan will be able to
use tax benefits, Deputy Head of the State Tax Service under the
Ministry of Economy Samira Musayeva said at a meeting of the
Parliament's Committee on Economic Policy, Industry and
Entrepreneurship, reports on November 10.
According to Musayeva, taxpayers who will be registered in the
liberated territories will be able to use property and land tax
benefits for a ten-year period.
'This will also include non-operating incomes. Imports of raw
materials for production areas will be also exempt from taxes for a
period of 10 years. Besides, given the tourism potential of the
liberated territories, along with property and land tax benefits,
it's planned to refund value-added tax in the amount of 30
percent,' she explained.
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