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Profits of cinematographic enterprises in Azerbaijan exempted from tax for 3 years

1 January 2024 16:28 (UTC+04:00)
Profits of cinematographic enterprises in Azerbaijan exempted from tax for 3 years

As of this year, 75% of the profits of cinematographic enterprises in Azerbaijan have been exempted from tax.

Azernews reports that the Tax Code has been amended in this regard.

According to the changes, 75% of the profits obtained from the entrepreneurial activities of the cinematographic enterprises registered in Azerbaijan and producing and dubbing the film, which are not micro-entrepreneurial subjects, were exempted from taxation for 3 years.

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