Non-sale income of residents in Karabakh exempt from taxation for 10 years

Non-sale income of residents in the territories of Azerbaijan liberated from occupation will be exempted from taxation for ten years, Report informs, citing the recent amendments and additions to the Azerbaijani Tax Code.

According to the amendments, residents in the territories liberated from the occupation are exempt from income tax, property, land and simplified tax for ten years starting from January 1, 2023. This covers the non-sale income of residents from activities in the liberated territories.