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Can a company that is not registered in the liberated territories benefit from tax breaks?
Can a company that is not registered in the liberated territories benefit from tax breaks?
Although the company I work for is registered in the Guba region, it operates in the liberated territories. Is it necessary to have a registered address in the liberated territories to benefit from the benefits and exemptions provided for in Article 227 of the Tax Code?
The State Tax Service under the Ministry of Economy reported that residents of the liberated territories are exempt from profit (income), property, land and simplified taxes for a period of 10 years from January 1, 2023.
According to the provisions of the Tax Code, tax exemption is applied to legal entities and individuals registered for tax purposes in the liberated territory and providing goods (works, services) to residents of the liberated territory. According to Article 226.2 of the Tax Code, for the purposes of this chapter, a resident of the liberated territory means legal entities and individuals registered for tax purposes in the liberated territories and directly operating in those territories.
According to the provisions of the Tax Code, if a resident of a liberated territory carries out the same type of activity both in the liberated territory and outside that territory (within the territory of the Republic of Azerbaijan), the tax exemptions provided for in this article do not apply to such persons. In this case, the taxpayer shall keep records of income and expenses received for the activity performed in the liberated territory and other types of activity performed outside those territories separately for each type of activity.
Although the company I work for is registered in the Guba region, it operates in the liberated territories. Is it necessary to have a registered address in the liberated territories to benefit from the benefits and exemptions provided for in Article 227 of the Tax Code?
The State Tax Service under the Ministry of Economy reported that residents of the liberated territories are exempt from profit (income), property, land and simplified taxes for a period of 10 years from January 1, 2023.
According to the provisions of the Tax Code, tax exemption is applied to legal entities and individuals registered for tax purposes in the liberated territory and providing goods (works, services) to residents of the liberated territory. According to Article 226.2 of the Tax Code, for the purposes of this chapter, a resident of the liberated territory means legal entities and individuals registered for tax purposes in the liberated territories and directly operating in those territories.
According to the provisions of the Tax Code, if a resident of a liberated territory carries out the same type of activity both in the liberated territory and outside that territory (within the territory of the Republic of Azerbaijan), the tax exemptions provided for in this article do not apply to such persons. In this case, the taxpayer shall keep records of income and expenses received for the activity performed in the liberated territory and other types of activity performed outside those territories separately for each type of activity.