Azerbaijan: Business Environment
Azerbaijan | Eastern Europe & Central Asia | United States | Germany | |
Number of Payments of Taxes per Year | 9.0 | 13.9 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 159.0 | 226.2 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 40.7 | 36.5 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
Private employment (for private sector employees except for those in the gas and oil industry) | |
From AZN 0 to 8,000 per month | 0% |
Above AZN 8,000 per month | AZN 350 + 14% |
Oil and gas industry employment | |
From AZN 0 to 2,500 per month | 14% |
Above AZN 2,500 per month | AZN 350 + 25% |
Individual entrepreneurs | 20% |
Individuals who hold an investment promotion certificate | 50% exemption from personal income tax for seven years from the date of obtaining the certificate |
Entrepreneurs participating in micro enterprises, and income from innovative activities of entrepreneurs participating in micro or small enterprises | 75% exemption for three years from the date a start-up certificate is obtained |
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Latest Update: May 2023