Insurance expenses are not always calculated as expenses subtracted from income. Although insurance and reinsurance rights are generally covered by tax legislation, there are exceptions.
❌ Insurance rights that are not excluded from income:
Real estate insurance for the benefit of workers
Benefits paid under life insurance contracts with external insurers
In these cases, insurance benefits paid are not included in the tax purposes.
📌 Legal basis:
Tax Code of the Republic of Azerbaijan, article 116.1
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