Tax on income below AZN 8,000 temporarily cancelled in Azerbaijan

Finance
  • 02 January, 2019
  • 06:41
Tax on income below AZN 8,000 temporarily cancelled in Azerbaijan

Baku. 2 January. REPORT.AZ/ The income tax for individuals working in the private sector and non-oil and gas industry with a monthly income of up to AZN 8,000 was set at 0%, while the monthly income for those earning more than AZN 8,000 is set at 14%, Report informs.

The new amendment will be valid for 7 years.