Veterans of the first and second group, people with disabilities, internally displaced people and refugees began to enjoy preferential tax treatment. Fans as gambling, ex-presidents of Azerbaijan and their families is generally exempt from income tax.
According to the Chief of the Tax Policy and Strategic Studies of the Ministry of Taxes Akif Musayev (an interview with "Azerbaijan"), the citizens of these categories will save AZN 47 mln from changes to the income tax.
The essence of innovation is that from the beginning, the maximum income tax rate in Azerbaijan reduced from 30% to 25%. Amount of income taxable at 14%, increased from 2 to 2500 manats.
Amount of income for individuals (not businesses) taxed at a rate of 14% has increased from 24 000 to 30 000 manats. - 17D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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