Azerbaidjan: Entorn econòmic
Azerbaijan | Eastern Europe & Central Asia | United States | Germany | |
Number of Payments of Taxes per Year | 9.0 | 13.9 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 159.0 | 226.2 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 40.7 | 36.5 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
Private employment (for private sector employees except for those in the gas and oil industry) | |
From AZN 0 to 8,000 per month | 0% |
Above AZN 8,000 per month | AZN 350 + 14% |
Oil and gas industry employment | |
From AZN 0 to 2,500 per month | 14% |
Above AZN 2,500 per month | AZN 350 + 25% |
Individual entrepreneurs | 20% |
Individuals who hold an investment promotion certificate | 50% exemption from personal income tax for seven years from the date of obtaining the certificate |
Entrepreneurs participating in micro enterprises, and income from innovative activities of entrepreneurs participating in micro or small enterprises | 75% exemption for three years from the date a start-up certificate is obtained |
Residents of the liberated territories | Exempt for ten years |
In the case of entrepreneurial activity, the portion of deductible expenses exceeding income may be carried forward for three years without limitations to offset future taxable income.
Business expenses can be deducted when calculating taxable income for entrepreneurs. This includes one-time allowances for medical treatment, such as surgery within or outside Azerbaijan, up to AZN 10,000 and AZN 50,000 respectively. Additionally, financial aid of up to AZN 20,000 per calendar year can be provided to family members of servicemen and nonmilitary personnel who have been killed or disabled as a result of military operations. Moreover, individual entrepreneurs involved in the production of food products that serve as substitutes for imported goods with locally-produced or processed goods will be eligible for a 50% exemption from individual income tax for a period of seven years, starting from the year the list of eligible goods is approved.
From January 1, 2023, individuals who are registered with the tax authorities in the liberated territories and are directly engaged in activities within these territories (referred to as "residents of the liberated territories") will be exempt from paying profit tax for a duration of 10 years.
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Actualitzacions: April 2024