The Milli Majlis has approved in the first reading the introduction of certain tax incentives related to WUF13

The Milli Majlis has adopted in the first reading the issue of applying certain tax incentives in connection with hosting the 13th session of the World Urban Forum (WUF13) in Azerbaijan.

“The Daily Baku” reports that the draft amendments proposed to the Tax Code were discussed at today’s plenary session of parliament.

It was noted that, given the need to organize WUF13 at a high level, it is considered appropriate to apply a number of tax exemptions for non-resident persons in connection with this event.

These exemptions include the following:

• income earned by non-resident individuals involved in the supply of goods, performance of works, and provision of services within the framework of WUF13 (exemption from income tax);

• royalty income paid under a contract to a non-resident legal entity for the use of copyright in intangible assets or for granting the right of use (exemption from profit tax);

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

• performance of works and provision of services by non-resident persons under a contract, as well as the import of goods on the basis of relevant supporting documents (exemption from VAT).

All tax incentives and exemptions will be applied on the basis of relevant supporting documents and for a period of one year (for one year starting from September 1, 2025).

The draft amendments were put to a vote and adopted in the first reading.