- Leasing companies and entrepreneurs in Azerbaijan can offset VAT paid when acquiring assets
- The changes to the Tax Code aim to create an equal tax regime for financing instruments, increase efficiency, reduce the tax burden on lessors, and optimize the tax burden
- Loan interest income of leasing companies is still exempt from VAT as financial services
- Assets acquired without paying VAT will have their value considered for tax purposes
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
