Taxation on deposit dividends maybe aborted
The dividends on bank deposits are offered for exemption from
taxation in Azerbaijan from February 1, 2016, Elman Rustamov, the
head of the Central Bank of Azerbaijan (CBA), said.
Rustamov made the statement at a meeting of the economic committee
of the Azerbaijani parliament on January 19.
“The total volume of deposits of the Azerbaijani population reaches
9.3 billion manat as of Jan. 19,” he said. “The dividends on
deposits reach 93 million manat.”
The issue of paying off dollar loan debts at the exchange rate of 1.05 manat versus $1 should be discussed in Azerbaijan, Elman Rustamov told reporters.
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