Baku: In a significant move to bolster micro-entrepreneurs in specific service sectors, the Milli Majlis (Parliament) has proposed amendments to the Tax Code that will exempt 75% of the income earned by individual micro-entrepreneurs from taxation. These exemptions apply to those whose annual turnover does not exceed AZN 45,000, starting from next year. Importantly, this exemption will be granted without the need for conditions like having a maximum of three employees or fulfilling compulsory state social insurance, as reflected in the discussions held today, APA reports. According to Azeri-Press News Agency, the sectors that stand to benefit from this proposed tax alleviation include software development, project design and decoration, translation, advertising, and various research and analysis activities. Other sectors include services in science, education, culture, and sports, along with legal, independent audit, accounting, and financial consulting services. Journalism, market research, valuation activi ties, courier services (excluding cargo transportation with vehicles), tourism guiding, and export services are also covered under the proposed exemptions. This initiative follows a previous tax exemption policy that came into effect on January 1 of this year. Under Article 102.1.30 of the Tax Code, micro-entrepreneurs with an average monthly workforce of no more than three employees and without mandatory state social insurance liabilities were already benefiting from a 75% income tax exemption. The newly proposed amendments, however, aim to extend these benefits exclusively to individual entrepreneurs, while legal entities are required to meet existing conditions, including maintaining at least three employees and clearing any state social insurance liabilities, to qualify for similar exemptions. The draft law, which seeks to implement these tax changes, was put to a vote and successfully passed in its first reading. Should it receive final approval, the law is slated to come into effect on January 1, 2025 .