Baku:Beauty service providers in Azerbaijan will benefit from simplified taxation for a period of five years.

According to Azeri-Press news agency, this initiative is part of a proposed amendment to the Tax Code. The draft suggests that beauty service providers be allowed to apply simplified tax rates, specifically 8% on cash turnover and 6% on non-cash turnover, for five years.

Additionally, the proposal includes a provision for beauty service providers registered as VAT payers. They would be permitted to deduct 50% of their turnover generated through non-cash payments made via POS terminals from their total VAT-taxable turnover when calculating the VAT payable to the state budget.