Banks, insurance companies to get tax breaks
The Azerbaijani government intends to provide tax concessions to
banks and insurance companies operating in the country, an
executive of the central bank has said.
Rufat Aslanly, deputy board chairman of the National Bank of Azerbaijan (NBA), said under relevant proposals of the NBA and Finance Ministry, the breaks will be granted until 2012 to boost the capitals of local banks.
Aslanly said the concessions, which may be applied starting next year, will allow to bolster the development of the domestic finance sector and to improve banking and insurance services rendered in the country.
Rufat Aslanly, deputy board chairman of the National Bank of Azerbaijan (NBA), said under relevant proposals of the NBA and Finance Ministry, the breaks will be granted until 2012 to boost the capitals of local banks.
Aslanly said the concessions, which may be applied starting next year, will allow to bolster the development of the domestic finance sector and to improve banking and insurance services rendered in the country.
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