Azerbaijan Defines Range Of Tax Incentives For Cultural Sector
Date
2/22/2023 6:05:52 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 22. The State Tax
Service under the Azerbaijani Ministry of Economy, the Ministry of
Culture, and the Azerbaijan Creative Industries Federation have
organized an online meeting for major cinema producers working in
film making, dubbing, and animation industries, trend reports citing the
Service.
The meeting participants held discussions within the 'Social and
economic development strategy of Azerbaijan for 2022-2026' to
define the range of tax incentives that can be provided for
cultural development, and increase inputs and capital investments
in this area.
Furthermore, proposals were heard on measures to create an
enabling environment for people working in the country's film
industry, as well as to provide incentives to entrepreneurs in
producing and distributing national films. The attendants outlined
the importance of possible changes in sectoral rules of utmost
significance.
The 'Social and economic development strategy of Azerbaijan for
2022-2026' was approved by the Presidential Decree of July 22,
2022. Following the order, the coordination, accountability and
control over the implementation of measures provided for in the
Strategy will be carried out by the Cabinet of Ministers.
The Cabinet of Ministers is tasked with informing President
Ilham Aliyev about the work done to fulfill the Strategy twice a
year, including the execution of the Strategy measures.
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