Baku 23° C
Selling assets of bankrupt banks exempt from VAT until 2023
Business
- 26 January, 2021
- 11:43
Add Report.az to preferred Google sources
Stay up to date with the top news!
Azerbaijan has exempted the insolvent bank from VAT for another two years as part of the bankruptcy procedure, Report informs.
According to the draft law "On Amendments to the Tax Code of the Republic of Azerbaijan," this period will be extended from 3 to 5 years.
According to the draft, within the framework of the resolution and rehabilitation of insolvent banks, the submission of non-performing (toxic) assets in the manner prescribed by the relevant executive authority is extended to the same period, in other words, exempt from VAT.
Author
Müflis bankın aktivlərinin satışı 2023-ci ilədək ƏDV-dən azad edildi
Продажа активов обанкротившегося банка освобождена от НДС до 2023 года
Latest News
12:09
AzFina: Development of digital financial ecosystem entails new risks
Finance
11:59
Turkic states plan to establish common payment systems
Finance
11:56
President Ilham Aliyev: Political ties with Laos have been developing successfully for many years
Foreign policy
11:53
Presidents of Azerbaijan and Laos deliver press statements
Foreign policy
11:51
President Ilham Aliyev: I am confident that bilateral cooperation with Laos will further deepen
Foreign policy
11:50
Azerbaijani fintech companies to test products in Turkic states
Finance
11:43
Azerbaijani parliament ratifies memorandum with UN Climate Secretariat
Milli Majlis
11:42
Azerbaijan's CBA developing data and AI governance framework
Finance
11:40
Azerbaijan and Laos adopt Joint Statement and exchange documents
Foreign policy