BAKU, Azerbaijan, November 20. Azerbaijan will
exempt 75 percent of journalists’ income from personal income tax,
with no conditions applied, Trend reports.
The measure is reflected in a new article, 102.1.30-1, proposed
for inclusion in the country’s Tax Code.
According to the draft law, 75 percent of income earned by
individuals engaged in journalistic activities, with an annual
income (excluding expenses) up to 45,000 manat ($26,470), will be
exempt from income tax.
Starting from January 1, 2024, under the current version of
Article 102.1.30 of the Azerbaijani Tax Code, 75 percent of the
income generated by microentrepreneurs (with at least three
employees) is exempt from income tax, provided they do not have
outstanding social security contributions.
There are also certain individuals working independently who
cannot benefit from this exemption because they provide services to
other taxpayers rather than the public. To address this, the
proposed amendment aims to extend the 75 percent tax exemption to
individuals in specific service sectors, provided their annual
turnover does not exceed 45,000 manat ($26,470), without any
further conditions.
If approved, the law will come into effect on January 1,
2025.
