President Ilham Aliyev has signed a decree amending the Tax Code to implement specific tax exemptions in connection with the hosting of the 13th session of the World Urban Forum (WUF13) in Azerbaijan.
Operative Information Center-OMM reports that the legislative changes are designed to ensure the high-level organization of the international event by providing financial incentives for non-resident entities and individuals involved in the forum.
According to the decree, the following exemptions will apply for a period of one year, effective from September 1, 2025:
- Income tax exemptions for non-resident individuals providing goods, works, and services within the framework of WUF13.
- Profit tax exemptions on royalty income paid to non-resident legal entities for the use of, or the right to use, copyrights on intangible assets.
- Profit tax exemptions on income generated by non-resident legal entities from the performance of works and provision of services.
- Value Added Tax (VAT) exemptions for the provision of works and services by non-resident persons, as well as the import of goods based on relevant supporting documents.
The World Urban Forum, established by the United Nations, is the premier global conference on sustainable urbanization. Hosting WUF13 in Baku underscores Azerbaijan's growing role as a hub for international dialogue and its commitment to sustainable urban development. The forum brings together government officials, experts, and civil society to address the challenges of rapid urbanization and its impact on communities, cities, and economies.
