12:50 - 30.09.2026

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September 30, Fineko/abc.az. The proposed amendments to the Tax Code have been adopted in the 1st reading at a meeting of the Milli Majlis.

According to the new draft, the period of exemption from profit tax and tax on income from innovative activities of startups that are micro or small businesses is increased from 3 up to 7 years.

In addition, if, starting from January 1, 2027, a participation interest or shares belong for 10 years to a legal entity that has received a startup certificate or a certificate of registration of a technology park and is not engaged in other activities, taxpayer's income from provision of this participation interest or shares will be exempt from tax by 100 percent for at least 3 years.

The law is expected to enter into force on January 1, 2027.