Azerbaijan plans simplified tax regime for barbershops and beauty salons
Azerbaijan is changing tax rules for barbershops, beauty salons and cosmetology centres. Modern.az reports that the changes are part of proposed amendments to the Tax Code.
Under the draft, from January 1, 2027, for five years, barbershops, beauty salons and cosmetology centres would get a new option under the simplified tax regime. Businesses in these activities could use simplified taxpayer status even if taxable transactions over any consecutive 12-month period exceed 200,000 manat. Income from these activities would be taxed at a simplified rate of 8 percent.
In addition, income from cashless payments for services to the public made through POS terminals would be subject to a 6 percent tax rate. This relief would also be in force for five years from January 1, 2027. To tax cashless payments under this scheme, POS terminals would need to be integrated with cash registers in a unified operating system.
This story was automatically summarised and translated from Modern.az. All rights to the story belong to its source.