Baku: Benefits will be extended to taxpayers who have obtained a startup certificate, APA reports. This is reflected in the proposed amendments to the Tax Code discussed at today's plenary session of the Milli Majlis.

According to Azeri-Press News Agency, the draft outlines that taxpayers holding a startup certificate and residents of industrial and technology parks will receive tax incentives for the first three years from the date the certificate is issued. During this period, if the total debt from taxes, compulsory state social insurance, mandatory health insurance, unemployment insurance contributions, interest, and financial sanctions does not exceed 50,000 manats, no order will be made to freeze outgoing transactions by credit institutions, electronic money institutions, or banking operators. This provision applies from the date a complaint is filed with a higher tax authority or court until the decision on the complaint becomes legally binding. However, this benefit will not be extended to those classified as risky taxpayers.

The draft law, after a thorough review, was put to a vote and successfully adopted in the third reading.