The Azerbaijani government supports preserving the maximum income tax rate at 35%, said Deputy Finance Minister Azar Bayramov
Published:
28 November 2004 y., Sunday
The Azerbaijani government supports preserving the maximum income tax rate at 35%, said Deputy Finance Minister Azar Bayramov.
“The government is for preserving the maximum income tax rate at 35%, as over 40% of these taxes are paid by foreign citizens working in Azerbaijan.”
Bayramov said mainly this holds true for citizens of US and other western countries, with which Azerbaijan has an agreement “On avoiding double taxation with regard to income and capital”.
“The income tax rate in these countries equals to or exceeds 40%”, he said.
The Deputy Finance Minister noted that income tax will be levied on foreign nationals anyway.
Šaltinis:
AssA-Irada
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