Azerbaijan's tax concessions and exemptions to reach AZN 7.6 billion in 2027

According to APA, the total amount of tax concessions and exemptions is expected to reach AZN 7.6 billion in 2027, or 5.4% of projected GDP. The remarks were made by Asif Gasimov, Deputy Chief of Staff of Azerbaijan's Ministry of Finance.

Speaking at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, Gasimov said this is AZN 630 million, or 0.4 percentage points, more than the amount of exemptions expected by the end of 2026. For comparison, tax concessions account for 4.6% of GDP in Georgia, 4.5% in Türkiye and 4.7% in OECD countries.

Tax-related concessions and exemptions amount to AZN 4.2 billion, 9% more than this year, while those related to import operations total AZN 3.4 billion, 11% more. By sector, AZN 436.0 million goes to the oil sector and AZN 7.1 billion to the non-oil sector, both expected to rise 9% from this year. Of the AZN 7.6 billion, AZN 4.4 billion is concessions and AZN 3.2 billion exemptions.