17:53 - 19.06.2023

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June 19, Fineko/abc.az. The European Union is preparing to change the taxation system in order to increase investment and improve the capital market.

ABC.AZ reports that with the bill prohibiting double taxation, taxes already paid will be refunded within 50 days.

Thus, a joint certificate of the EU Digital Taxation Office will be prepared.

With this certificate, operations to reduce tax deductions will be carried out faster and more efficiently.

Individuals with investment portfolios in different EU countries will use only one digital certificate of tax residency to repay several incomes during one calendar year.