Personal income on bank deposits again exempted from income tax
Dividends paid to shareholders of the banks, as well as interest on deposits for a year are exempt from income tax.
According to the chairman of the parliamentary committee on economic policy Ziyad Samadzadeh, who submitted to the Milli Majlis the law "On the income tax exemption of interest paid by banks and other lending institutions to individual depositors" for MPs' debate, the banks accumulate more than 4 bn belonging to individuals.
"Even at the rate of 11% it means almost half of the annual income. It turns out that the government gave the public about 60-70 million manat for the New Year," the economist said. - 17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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