BAKU, Azerbaijan, February 13. New tax
amendments are set to enhance the organization and execution of
activities for the upcoming 13th Session of the United Nations
World Urban Forum (WUF13), Trend reports.


The measure is reflected in a draft law amending the Tax Code,
discussed at today’s plenary session of the Azerbaijani
parliament.


Officials noted that Azerbaijan’s successful performance in the
field of urban development has been duly recognized, and it was
decided that the thirteenth session of the World Urban Forum
(WUF13), considered one of the major global events, will be held in
Baku in 2026. For this purpose, on December 22, 2023, the “Host
Country Agreement between the Government of the Republic of
Azerbaijan and the United Nations on the holding of the 13th
session of the World Urban Forum in Baku in 2026” was signed and
approved by law.


The measure, introduced to ensure the high-level organization of
WUF13, provides for the application of a number of tax exemptions
for non-resident individuals and legal entities involved in the
forum. These exemptions include:


- exemption from income tax for non-resident individuals engaged
in the supply of goods, performance of works, and provision of
services within the framework of WUF13;


- exemption from profit tax on royalty income paid under
contracts to non-resident legal entities for the use or right to
use intangible assets;







- exemption from profit tax on income earned by non-resident
legal entities from the performance of works and provision of
services related to the forum;


- exemption from value-added tax (VAT) on goods, works, and
services supplied under relevant contracts, as well as on the
import of goods supported by the required documentation.


It was noted that all tax benefits and exemptions will be
applied on the basis of the necessary supporting documents for a
period of one year, starting from September 1, 2025.


Following discussions, the draft law was put to a vote and
adopted in its third reading.


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