22 May 2018

Entrepreneurs to be exempted from land tax

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The total volume of investments on 15 projects, which have received a relevant promotion document, will be 160 million manats in Azerbaijan, the country's Economy Minister Shahin Mustafayev told reporters June 14 in Baku.

The investment promotion documents were handed to representatives of 15 companies during the conference on "Investment promotion: new approaches and priorities" in Baku.

Mustafayev said the new mechanism exempts the entrepreneurs from land tax and provides them with 50 percent benefit when paying the income tax.

"I want to emphasize that the import of equipment and technologies by entrepreneurs for the implementation of these projects is fully exempt from the value-added tax and customs duties," said the minister. "The implementation of those projects will make it possible to create over 1,400 new jobs."

He pointed out that this mechanism will become a very important factor in ensuring the continuous development of Azerbaijan's economy.

2016.06.14 / 21:16
See also

Germany expresses support for Nord Stream-2 project

Canada's Trudeau says feeling positive about NAFTA talks

EAEU, Iran sign provisional deal to create free trade zone

Soros' open foundations ends to operations in Hungary

IMF: Azerbaijan's economy grew by 4% last year

Modern tourism industry to appear in Azerbaijan

TANAP project to enter into service in June

Tesla to launch in Turkey this year: CEO

Iran markets new oil brand amid sanctions threat

Alibaba beats sales forecasts on strong commerce growth

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla