Azerbaijan plans to double VAT registration threshold for simplified taxpayers
Business
- 23 October, 2025
- 16:23
Azerbaijan intends to raise the turnover threshold that triggers VAT registration for simplified taxpayers in non-cash transactions from 200,000 to 400,000 manats ($117,647 to $235,290), Report informs, citing the 2026 draft state budget package.
According to the document, this measure is part of the 2026–2029 income policy framework and aims to support entrepreneurial activity and reduce the overall tax burden on businesses.
Latest News
17:54
Leftwinger Catherine Connolly to be Ireland's next president after landslide election victory
Other countries17:48
One of Iran's largest private banks bankrupt
Region17:45
Media: White House pressuring Congress to repeal Caesar Act on Syria
Other countries17:43
Trump to meet Qatar's emir during refuel stop en route to Malaysia
Other countries17:43
Syria signs landing deal for first international submarine cable
Other countries17:34
Black boxes of cargo plane that crashed in Hong Kong retrieved
Other countries17:27
Photo
Baku State Circus resumes operations
Cultural policy17:22
Azerbaijan imports 33,320 tons of meat in nine months
Business17:15