Azeri businesses ask govt for tax breaks
BAKU – Azerbaijani National Confederation of Entrepreneurs offers to introduce a number of tax concessions for the further development of entrepreneurship in the country, including the tourism sector, its chairman Mammad Musayev said at a press conference on the results of the confederation's activity in 2010 and plans for 2011.
"The confederation is holding discussions with the government on providing tourist companies with tax concessions in the form of tax exemption during equipment and technology import into the country," Musayev said.
According to him, these measures are aimed at developing the tourism sector by reducing costs for entrepreneurs.
"As 2011 is declared the Year of Tourism, the confederation aims to enliven this field. It is expected to hold a meeting soon, which will be attended by tourism companies, as well as the Culture and Tourism Ministry. The meeting will be held to discuss opportunities to support this sector, including increase its competitiveness," Musayev said.
According to him, the confederation is also discussing with the government reducing VAT rates for entrepreneurs in the country's regions.
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