In connection with the application of the new rules of the simplified tax payment on the sale of housing and non-residential areas, which entered into force on 1 January of this year, approved by the boundaries of the zones of Baku as well as towns and villages of the capital.
In connection with this Cabinet of Ministers adopted a decision on the approval of "the zone boundaries of the city of Baku, as well as its towns and villages for application of simplified tax in accordance with Article 220.8.1 of the Tax Code of the Azerbaijan Republic".
According to the amendments to the Tax Code, a simplified tax for persons engaged in the construction of buildings is calculated by AZN 45 per square meter of the taxable object, and for individuals - a rate of AZN 15 per square meter of the taxable object.
If the building is located in Baku, its village or settlement, then, depending on the zone, rates will be applied to the amount of simplified tax . The coefficient of the first zone is 4, the second zone - 3, third and fourth areas - 2.2, fifth and sixth areas - 1.8, seventh, eighth and ninth areas - 1.5, tenth, eleventh and twelfth zones - 1 2.
For instance, any individual in the sale of apartments in 60 square meters, situated in the first zone of Baku city will have to pay a tax in the amount of AZN 3,600 (60 meters x AZN15 x 4 = AZN 3,600), and selling apartments 60 square meters, located in the twelfth zone of Baku - 1080 manat (60 meters x AZN15x 1.2 = AZN 1080).
It should be noted that the coefficients during the sale of non-residential portions of buildings by individuals and companies, will be 1.5.
News.Az