The recent amendments to the Tax Code can be interpreted as a sign of Azerbaijan’s shift toward a more flexible and pragmatic approach in economic governance. Although the reduction of the tax rate on dividends and other passive income from abroad—from 14% to 5%—may appear to be a technical adjustment, it is in fact a step that could lead to broader economic and institutional outcomes. This change should be seen as an effort to create a healthier balance between the state’s fiscal interests and actual economic behavior.
The post Cutting taxes on foreign income to lure capital back into system first appeared on The South Caucasus News – SouthCaucasusNews.com.
