16:01 - 6.11.2025

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November 6, Fineko/abc.az. The tax benefits stipulated in the draft amendments to the Tax Code will strengthen the investment attractiveness of the liberated territories of Azerbaijan.

ABC.AZ informs that State Tax Service’s head Orkhan Nazarli made this statement at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.

"The amendments to the Tax Code envisage the measures to improve investment climate, support entrepreneurship, reduce the tax burden on businesses and develop regions, including Nakhchivan Autonomous Republic and the liberated territories," Nazarli said.

He stressed that large taxpayers operating in the liberated territories, but registered in other regions, will be recognized as residents of these territories and will be able to take advantage of the provided benefits.

According to Nazarli , there are a number of benefits that will also create positive dynamics in the real economy.: "Among them are extension of agricultural benefits to fishery products, introduction of tax benefits for non-cash turnover in the field of public catering, reduction of taxes on dividends received by individuals from abroad, extension of benefits for the media and other benefits related to the public sector. I’d also like to highlight provision of VAT benefits for trucks and cars in the automotive industry, introduction of VAT benefits for agricultural fertilizers and public-private partnership projects."