Azerbaijan may tax content monetization on TikTok
Fatima Latifova
Read moreNegotiations on taxing the revenue generated from content monetisation on "TikTok" in Azerbaijan are in the final stages, Azernews reports, citing Fariz Jafarov, the Executive Director of the Fourth Industrial Revolution Analysis and Coordination Centre (4SIC), as he mentioned this during the panel discussion titled "Introduction to Digital and Metaverse Economy" at the "Chain Reaction 2024" forum.
This step aimed at regulating the revenue generated by "TikTok" users from creating and disseminating content in Azerbaijan is a crucial part of the country's strategy to shape its modern digital ecosystem.
"In recent years, Azerbaijan has been actively working to enhance the competitiveness of national businesses and elevate them to a new level, providing necessary tools and infrastructure to support entrepreneurs. The government clearly defines its strategic goals, which include not only supporting small and medium-sized enterprises but also creating an effective digital ecosystem. In this system, data processing centres, storage systems, cybersecurity, and payment systems that integrate various organisations play a significant role," he noted.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!