Azerbaijan: exemption from individual income tax of interest on saving depositsJanuary 17, 2013
On 28 December 2012, the Parliament approved Law No. 542-IVD, according to which, interest paid on saving deposits of individuals in banks and other credit institutions is exempt from individual income tax for the period of one year.
The law came into force on 1 January 2013.
©copyright IBFD. This article is part of a selection of daily news from the IBFD Tax News Service (TNS) chosen by EY professionals. All rights to the content reside with IBFD. Any use requires IBFD’s prior permission in writing. IBFD´s disclaimer applies to any and all of IBFD’s articles and publications.