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Tax relief is available for individuals engaged in advertising activities
We would like to inform you that, under Article 102.1.30-1 of the Tax Code, if individuals engaged in the activities specified by law earn up to AZN 45,000 in a calendar year from those activities, 75% of that income is exempt from personal income tax.
However, if the taxpayer conducts fictitious (non-genuine) transactions, this tax relief does not apply to the income generated from such transactions.
Furthermore, if an individual engages in both eligible and other types of activities, they may benefit from this tax relief only if the income derived from the eligible activities accounts for at least 50% of their total annual income.
Please note that the personal income tax return must be submitted to the tax authority no later than March 31 of the year following the reporting year.
In addition, individuals whose annual income does not exceed AZN 45,000 and whose activities qualify as advertising services under Article 102.1.30-1 of the Tax Code are not subject to the "three employees" requirement and may benefit from the 75% personal income tax exemption.
Legal basis: Articles 102.1.30-1 and 149 of the Tax Code.
We would like to inform you that, under Article 102.1.30-1 of the Tax Code, if individuals engaged in the activities specified by law earn up to AZN 45,000 in a calendar year from those activities, 75% of that income is exempt from personal income tax.
However, if the taxpayer conducts fictitious (non-genuine) transactions, this tax relief does not apply to the income generated from such transactions.
Furthermore, if an individual engages in both eligible and other types of activities, they may benefit from this tax relief only if the income derived from the eligible activities accounts for at least 50% of their total annual income.
Please note that the personal income tax return must be submitted to the tax authority no later than March 31 of the year following the reporting year.
In addition, individuals whose annual income does not exceed AZN 45,000 and whose activities qualify as advertising services under Article 102.1.30-1 of the Tax Code are not subject to the "three employees" requirement and may benefit from the 75% personal income tax exemption.
Legal basis: Articles 102.1.30-1 and 149 of the Tax Code.