(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 29. Non-operating
incomes of legal entities engaged in agricultural production in
Azerbaijan and subsidies provided to these entities from the state
budget funds for agricultural production should be exempted from
income tax for one year, from January 1, 2023, trend reports on November
29 via the amendments to the Tax Code proposed at a meeting of
Azerbaijani Parliament.
It was also proposed to exempt dividend incomes of legal
entities and individuals who are members of resident legal entities
engaged in agricultural production (including industrial means),
from January 1, 2023, for a period of one year.
The relevant bill was put to the vote and adopted in the third
reading.
MENAFN29112022000187011040ID1105243118
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.