BAKU, Azerbaijan, January 1. The scope of the
property tax exemption for taxpayers operating in the fields of
education, healthcare, culture, and sports has been reduced,
Trend
reports.


Under the Law on Amendments to the Tax Code approved by
President Ilham Aliyev, for taxation purposes, the value of the
property of enterprises and individual entrepreneurs operating in
the fields of education, healthcare, culture, and sports is reduced
by 75 percent only in respect of fixed assets used by them for
their designated purposes in these fields.







In other words, the property tax exemption that was previously
applied to such taxpayers at a rate of 100 percent will now be
applied at a rate of 75 percent.