Azerbaijani Parliament adopts amendments to Tax Code

December 3, 2021 17:35 (UTC + 04: 00)

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Through Tendency

The Azerbaijani Parliament approved the amendments to the Tax Code at third reading during the plenary session, Tendency reports Dec. 3.

According to the information, the main directions of the proposed changes are to encourage entrepreneurial activity, broaden the tax base, reduce the financial and fiscal burden of the population through social benefits, improve tax accounting mechanisms. , tax and tax audit, to provide tax incentives to business and other entities.

One of the proposals to reduce the tax burden on the population through social benefits was the income tax exemption for material assistance up to 10,000 manat ($ 5,882), provided to family members of martyrs, as well as servicemen disabled due to injuries during the military. operations for the freedom, sovereignty and territorial integrity of Azerbaijan.

In the continuity of the attention and care for this category of citizens, it has been proposed to exempt from income tax material assistance up to 10,000 manat ($ 5,882) provided to persons belonging to this category. category, whatever its destination.

Another proposed change to the Tax Code was an income tax exemption of up to 10,000 manat ($ 5,882) as a one-time benefit, material assistance to pay for salaries in the country, including including surgeries, as well as up to 40,000 manat ($ 23,539) provided as material assistance, a lump sum to pay for treatments abroad, including surgeries.

Since 2001, when the Tax Code came into force, the amount of up to 1,000 manat ($ 588) of the cost of treatment in the country has been exempt from income tax, as well as up to 2 000 manat ($ 1,177) of the amount of assistance material, allowances to pay for treatment abroad.

In view of the increased costs in the medical field, as well as the existing costs for surgical operations, it has been proposed to increase these amounts to 10,000 manat ($ 5,882) and 40,000 manat ($ 23,539). , respectively.

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