Azerbaijan Assembly Considers Draft Bills on Various Tax Measures Under 2026 Budget

The Azerbaijani National Assembly (Milli Majlis) Nov. 21 considered draft bills on various tax measures under the 2026 budget. The draft bills include measures to: 1) introduce a preferential income tax regime for non-oil private sector employees on monthly income up to 2,5000 Azerbaijani manats (US$1,470), with rates of 3 percent in 2026, 5 percent in 2027, and 7 percent from 2028, instead of 14 percent; 2) extend the special tax regime for liberated territories to the Nakhchivan Autonomous Republic, granting a 10-year exemption from profit, property, land, and simplified taxes starting Jan. 1, 2026, and subsidizing social insurance premiums; ...