New tax breaks to be introduced for startups

From January 1, 2027, for a period of 10 years, if the participation share or stock belongs to a legal entity that is a micro or small business entity, has received a "Startup" certificate or a certificate of registration of a technology park and is not engaged in any other activity, 100% of the taxpayer's income received from the disposal of the participation share or stock will be exempt from income tax and profit tax for at least 3 years.

As APA reports, this is reflected in the proposed amendment to the Tax Code submitted for discussion today at the meeting of the Milli Majlis.

The bill was put to a vote and adopted in one reading.