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Amendment to Tax Code will exempt part of media from paying taxes - head of the Media Development Agency
Baku/06.02.23/Turan: An amendment has been proposed to the Tax Code that will exempt the media from paying taxes for 3 years. This was stated on Monday at a meeting of the Milli Majlis Committee on Economic Policy by the head of the Media Development Agency Ahmed Ismailov. Discussion of the amendment has been submitted to a meeting of the Milli Majlis.
According to the amendment, the income of media entities (except for radio and television), including advertising income, as well as financial assistance provided by the body of executive power, are exempt from income tax from January 1, 2023 for a period of 3 years.
In addition, media income (except for radio and TV) from their own activities, including advertising income, as well as financial assistance provided by the body of executive power, are exempt from tax from January 1, 2023 for a period of 3 years. -02D-
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