Azerbaijani Parliament approves application of tax incentives related to COP29


Tax concessions will be applied in Azerbaijan in connection with the COP29.

Report informs that the proposed amendment to the Tax Code was discussed at today's plenary session of the Milli Majlis.

According to the amendment, based on the confirmation document of the body (agency) determined by the relevant executive authority, the incomes obtained by non-resident natural persons involved in the presentation of goods, performance of works and provision of services related to the holding of COP29 in the Republic of Azerbaijan within the framework of this activity is exempted from income tax for 9 months from March 1, 2024.

After discussions, the draft amendment was put to a vote and adopted in the third reading.