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What conditions must individuals engaged in training activities meet to be exempt from 75% of income tax?
What conditions must individuals engaged in training activities meet to be exempt from 75% of income tax?
We inform you that, according to Article 102.1.30-1 of the Tax Code, individuals engaged in the activities specified in this article, whose income (excluding expenses) from these activities during the calendar year does not exceed 45,000 manat, are exempt from 75% of income tax on the income derived from these activities.
These activities include services in the fields of science, education, culture, and sports.
Based on your inquiry, we inform you that if your training activity falls within these areas, you can benefit from the mentioned exemption.
Additionally, we would like to inform you that if an individual working in the designated sectors as an employee terminates their employment contract, starts working as an individual entrepreneur in the same activity, and within one year from the date they begin their individual entrepreneurship, they provide the same services, fully or partially, to their previous employer, then the exemption provided in Article 102.1.30-1 of the Tax Code will not apply to this individual entrepreneur.
Furthermore, we inform you that if an individual engaged in the activities specified in Article 102.1.30-1 of the Tax Code is also engaged in other activities, they may benefit from the exemption provided in this article only if the income derived from the activities specified in Article 102.1.30-1 constitutes less than 50% of their total annual income.
We inform you that, according to Article 102.1.30-1 of the Tax Code, individuals engaged in the activities specified in this article, whose income (excluding expenses) from these activities during the calendar year does not exceed 45,000 manat, are exempt from 75% of income tax on the income derived from these activities.
These activities include services in the fields of science, education, culture, and sports.
Based on your inquiry, we inform you that if your training activity falls within these areas, you can benefit from the mentioned exemption.
Additionally, we would like to inform you that if an individual working in the designated sectors as an employee terminates their employment contract, starts working as an individual entrepreneur in the same activity, and within one year from the date they begin their individual entrepreneurship, they provide the same services, fully or partially, to their previous employer, then the exemption provided in Article 102.1.30-1 of the Tax Code will not apply to this individual entrepreneur.
Furthermore, we inform you that if an individual engaged in the activities specified in Article 102.1.30-1 of the Tax Code is also engaged in other activities, they may benefit from the exemption provided in this article only if the income derived from the activities specified in Article 102.1.30-1 constitutes less than 50% of their total annual income.