Individual — simplified tax (on the rent itself):

• Up to 2,000 AZN a month: 4%
• Over 2,000 AZN a month: 8%
• No expenses are deducted, but paying it is simple.

Individual — standard income tax:

• 10% of net income (rent − expenses)
• Allowable expenses: repairs, utilities, depreciation, insurance

Legal entity:

• Profit tax: 20% of net income
• VAT: 18% once annual turnover reaches 200,000 AZN

Property tax (all owners):

• Annual, roughly 1% of the assessed value