The Azerbaijani parliament adopted a draft law on amendments to the Tax Code on 21 December 2012, these came into effect from 1 January 2013. These changes are aimed at improving the tax system, reducing the tax burden and improving the tax culture. The top individual income tax rate is reduced from 30% to 25% and the lower 14% rate will now apply to income up to AZN 2,500. For businesses, reductions of tax and customs duties will apply to residents of industrial and technological parks for a period of seven years.
«
Canada: CRA issues transfer pricing memoranda
Colombian Congress Approves Tax Reform
»
Related Posts

Azerbaijan, Kazakhstan conclude income tax treaty talks
Azerbaijan has announced that the first round of negotiations for a new income tax treaty with Kazakhstan concluded on 2 May 2025. Both countries have mutually agreed upon most provisions of the treaty. The agreement focuses on the elimination of
Read More
Azerbaijan, Kazakhstan begin negotiating new income tax agreement
Azerbaijan and Kazakhstan initiated the first round of talks for a new income tax agreement on 29 April 2025. Participants in the meeting included Orkhan Musayev, who leads the Main Department for International Taxation and Tax Monitoring at
Read More
Azerbaijan, Cambodia begin talks on double taxation agreement
The first round of negotiations on a draft agreement to eliminate double taxation and prevent tax evasion between Azerbaijan and Cambodia took place in Phnom Penh, Cambodia. This announcement was made by Azerbaijan's State Tax Service (STS) on 14
Read More
Azerbaijan, Kyrgyzstan tax treaty enters into force
The income tax treaty between Azerbaijan and Kyrgyzstan came into force on 8 January 2025. Signed on 24 April 2024, this agreement is the first tax treaty established between the two nations. As per the agreement, withholding taxes are applicable
Read More
Azerbaijan, Latvia sign MOU on tax recovery assistance and information exchange
Azerbaijan's State Tax Service signed a memorandum of understanding (MOU) on 16 January 2025 with the State Revenue Service of Latvia to enhance cooperation in information exchange and tax recovery efforts. The agreement aims to strengthen
Read More
Azerbaijan amends tax code: Cuts branch profit tax, introduces new corporate tax and VAT exemptions
Azerbaijan has approved several amendments to the Azerbaijan Tax Code on 27 December 2024. Key amendments include a reduction of branch profit tax rate, new corporate income tax exemptions, and revised transfer pricing penalties. Reduction of
Read More