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Tax benefits applicable to territories liberated from occupation will also be implemented in Nakhchivan
Tax benefits applicable to territories liberated from occupation will also be implemented in Nakhchivan
One of the main directions of the amendments to the Tax Code is the optimization of the tax burden for entrepreneurs and the provision of incentives for business activities. Starting from January 1, 2026, for a period of 10 years, tax benefits on profit (income), property, land, value-added tax (regarding import operations of residents of industrial and technology parks, industrial zones, and persons who have obtained an investment incentive certificate), and simplified taxes applied to territories liberated from occupation will also be implemented in the Nakhchivan Autonomous Republic.
As a result of these changes, the aim is to ensure sustainable economic development in Nakhchivan, create a favorable business environment, stimulate entrepreneurial activity, integrate the region into the national economy, and increase employment and material well-being of the population.
These changes are expected to reduce the financial burden on entrepreneurs, create opportunities for new jobs, and boost economic activity. Consequently, a more favorable economic environment will be formed for both entrepreneurs and the population of the region.
One of the main directions of the amendments to the Tax Code is the optimization of the tax burden for entrepreneurs and the provision of incentives for business activities. Starting from January 1, 2026, for a period of 10 years, tax benefits on profit (income), property, land, value-added tax (regarding import operations of residents of industrial and technology parks, industrial zones, and persons who have obtained an investment incentive certificate), and simplified taxes applied to territories liberated from occupation will also be implemented in the Nakhchivan Autonomous Republic.
As a result of these changes, the aim is to ensure sustainable economic development in Nakhchivan, create a favorable business environment, stimulate entrepreneurial activity, integrate the region into the national economy, and increase employment and material well-being of the population.
These changes are expected to reduce the financial burden on entrepreneurs, create opportunities for new jobs, and boost economic activity. Consequently, a more favorable economic environment will be formed for both entrepreneurs and the population of the region.