Azerbaijan changing procedure for attracting tourism entities to property tax

Kanan Sadigov
Post's author

The property tax for hotels and sanatoriums in Azerbaijan’s regions will be reduced by 75% from January next year, Report informs referring to the State Tax Service under the Economy Ministry.

The tax incentive will be valid for three years and will not affect tourism entities in Baku, Sumgait, Khirdalan and Absheron region.

The incentive is aimed at reducing the tax burden on businesses and stimulating entrepreneurial activity in the regions.

Latest news

Azerbaijan Airlines to provide updates on flights to Russia in near future 27 December, 2024 / 12:55
Japanese Foreign Minister extends condolences to Azerbaijan 27 December, 2024 / 12:50
Azerbaijan doubles allocations to Vehicle Recycling Fund 27 December, 2024 / 12:45
Last plenary meeting of Azerbaijani parliament's autumn session set for Dec. 29 27 December, 2024 / 12:44
Baku - Mineralnye Vody flight returns to Baku 27 December, 2024 / 12:42
Azerbaijani Parliament approves lowering of conscription age limit 27 December, 2024 / 12:34
Special quarantine regime extended in Azerbaijan 27 December, 2024 / 12:28
Another group of former IDPs leaves for Khojaly's Ballija village 27 December, 2024 / 12:27
QAZAQ AIR suspends flights from Astana to Yekaterinburg due to security concerns 27 December, 2024 / 12:27
Interest rate subsidy for loans taken by entrepreneurs up 22% in Azerbaijan 27 December, 2024 / 12:10
Arrival, departure of flights restricted at Grozny airport in Russia 27 December, 2024 / 12:03
Azerbaijan increases capital investment in international funds almost eightfold 27 December, 2024 / 12:02
Milli Majlis approves military cooperation agreement with Morocco 27 December, 2024 / 11:50
Ukrainian envoy at Baku airport honors victims of plane crash 27 December, 2024 / 11:45
Subsidies to AZAL increased by nearly 19% 27 December, 2024 / 11:44