75 of income of a number of micro entrepreneurs to be exempted from tax

Artistic representation for 75 of income of a number of micro entrepreneurs to be exempted from tax

The exemption applies to micro-entrepreneurs who operate in sectors such as hospitality, tourism, and transportation.

The New Tax Exemption for Micro-Entrepreneurs

The government aims to support the growth of micro-entrepreneurship in Azerbaijan, and the new tax exemption is a key part of this strategy.

Benefits of the Tax Exemption

  • The exemption will benefit 75% of micro-entrepreneurs in the service sector, providing them with a significant reduction in their tax burden. The exemption will encourage more people to start their own businesses, as they will have more disposable income to invest in their ventures.

    The exemptions will be granted for a period of five years, with the option to extend for an additional two years.

    The Proposed Tax Exemptions for Individual Entrepreneurs

    The proposed tax exemptions for individual entrepreneurs aim to provide a significant boost to the economy by encouraging entrepreneurship and innovation.

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