Taxes To Be Cut In Azerbaijan
by Tatiana Smolenskaya, Tax-News.com, Moscow
22 December 2008
Azerbaijan's Ministry of Taxes has announced that it is set to begin considering some changes to the country's corporate income and value-added tax rates next year.
The announcement was made by the country's Deputy Minister of Taxes, Natik Amirov, who explained the intention to lower the profit tax rate by 2% and VAT rate by 1%.
Currently, Azerbaijan levies income tax at a rate of 22%, and VAT at 18%.
The proposals should be ratified during 2009 and be ready for introduction by the beginning of 2010.
Parliament will receive the Azerbaijani government's draft Tax Code amendments in May of next year.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- COVID Catch-Up »
- Startup Cap Table Management - Guide »
- Taxing By Consensus »
- Digital Taxes Dominate Again »
- Indirect Tax Matters... »
- Tax the Zeros and the Ones Will Take Care of Themselves? »
- Trusts in Cyprus »
- LLC vs Corporation: Which one should I choose? »
- Budgets Brewing... »
- EU And G7 Push Ahead With Anti-Avoidance Initiatives »