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Tax benefits have been announced in the free economic zone "Alat"
Baku/09.06.23/Turan: Today, the President Ilham Aliyev took part in the opening ceremony of the first stage of the free economic zone (FEZ) of "Alat" (70 km south of Baku). Its total area is 850 hectares. On an area of 60 hectares, work is underway as part of the first stage of the creation of the FEZ. There are identified land plots that will be leased to investors. Customs checkpoints have been built at the main entrance to the territory of the FEZ. Investors will be exempt from value added and income taxes as well as any other corporate tax. Also, customs export and import duties will not be applied.
No income tax will be levied on employees if the monthly salary does not exceed 8 thousand manats. Social insurance payments are voluntary for highly qualified foreign workers and mandatory for local workers.
There will be no restrictions on the ownership of property for foreign individuals and legal entities. There will also be no restrictions on foreign exchange transactions or repatriation of profits. The property of investors cannot be nationalized under any circumstances.
The administration of the FEZ also provides full protection of the intellectual property rights of investors. ---06B---
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- Economics
- 9 June 2023 14:37
Politics
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Ilham Aliyev congratulated Irakli Kobakhidze on the victory of the Georgian Dream party in the elections and wished him continued success. "The victory of your party is of particular significance for the entire South Caucasus, making it a more stable region, and we rejoice in this victory as your friends and brothers. We wish your government new successes in its work," said Aliyev during a joint briefing following talks and the signing of bilateral documents.
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On January 17, the Khatai District Court of Baku rejected the requests for house arrest for journalists Aynur Elgünesh and Natig Djavadly, employees of Meydan TV, their lawyers, Elchin Sadigov and Zibeyda Sadigova reported to Turan news agency. According to the lawyers, there are no legal or procedural grounds for keeping the journalists in detention. The journalists themselves stated that the criminal case against them had been fabricated to punish them for their professional activities. The defense intends to appeal the court's refusal to transfer the journalists to house arrest.
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Journalist Farid Ismayilov, who had been under police supervision in connection with the Toplum TV case, was detained on January 17 and brought to the Khatai District Court, his colleagues reported.
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The preliminary investigation in the case of the Toplum TV publication (journalists and activists) is coming to an end, reported Rasul Jafarov, the lawyer of the Institute for Democratic Initiatives, Ruslan Izzatli.
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