If you have not registered your income, tax to be charged according to the new procedure

17:02 - 2.11.2023


November 2, Fineko/abc.az. The tax on taxpayers whose income is not registered will be charged in the new order.

ABC.AZ reports that this was reflected in the Azerbaijan State Budget Package for 2024, submitted for discussion at today's meeting of the Parliamentary Committee on Economic Policy, Industry & Entrepreneurship.

According to the draft, taxable profit (income) will be calculated taking into account the profitability of 50% if the income taxed by the taxpayer is not registered, but if there is relevant information about expenses deducted from income.