Azerbaijan may have tax breaks related to the World Urban Forum

Tax benefits are envisaged in connection with the holding of the 13th session of the World Urban Forum (WUF13) in Azerbaijan.

"The Daily Baku" reports that this is reflected in the proposed amendment to the Tax Code, which was discussed at today's online meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.

According to the document, due to the need to organize WUF13 at a high level, it is considered appropriate to apply a number of tax exemptions to non-resident individuals in connection with this event. These exemptions include the following:

- Income received by non-resident individuals involved in the provision of goods, work and services within the framework of WUF13 (income tax exemption);

- Royalty income paid to a non-resident legal entity under a contract for the use of copyrights or the granting of rights to use intangible assets (profit tax exemption);

- income from the performance of work and provision of services by non-resident legal entities (profit tax exemption);

- performance of work and provision of services by non-resident persons on a contractual basis, as well as import of goods on the basis of an appropriate supporting document (VAT exemption).

All tax benefits and exemptions will be applied on the basis of an appropriate supporting document and for a period of one year (from September 1, 2025 for a period of 1 year).