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Is pawnshop activity a licensed field?
Is pawnshop activity a licensed field?
An individual engaged in pawnshop activity must apply to the tax authority for tax registration by the day they start their entrepreneurial activity and register the business entity (object) for this activity.
Additionally, it is noted that pawnshops are considered income tax payers, as they do not have the right to apply the simplified tax system.
The Rules for granting special permission (license) for pawnshop activities were approved by the Cabinet of Ministers of the Republic of Azerbaijan with Decision No. 89 on April 20, 1998.
An individual engaged in pawnshop activity must apply to the tax authority for tax registration by the day they start their entrepreneurial activity and register the business entity (object) for this activity.
Additionally, it is noted that pawnshops are considered income tax payers, as they do not have the right to apply the simplified tax system.
The Rules for granting special permission (license) for pawnshop activities were approved by the Cabinet of Ministers of the Republic of Azerbaijan with Decision No. 89 on April 20, 1998.