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.
«
Previous post
Canada: CRA issues transfer pricing memoranda
Canada: CRA issues transfer pricing memoranda
Next post
Colombian Congress Approves Tax Reform
»
Colombian Congress Approves Tax Reform
Related Posts
Azerbaijan issues key updates to tax reforms, investment rules
March 02, 2026
Azerbaijan enacted Law No. 355-VIIQD on 23 February 2026, mandating tax registration for non-resident e-commerce operators. Businesses without permanent establishments must register electronically if their annual turnover exceeds USD 10,000 in
Read More
Azerbaijan: STS raises VAT limit to encourage cashless payments
January 06, 2026
Azerbaijan’s State Tax Service (STS) has announced changes to the VAT registration threshold for businesses using cashless payments, aiming to encourage the adoption of electronic transactions in retail trade and public services. The
Read More
Azerbaijan releases consolidated text of tax treaty with Bosnia and Herzegovina under BEPS MLIÂ
December 24, 2025
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Bosnia and Herzegovina, reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base
Read More
Azerbaijan releases consolidated text of tax treaty with Belgium under BEPS MLIÂ
December 24, 2025
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Belgium reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
Read More
Azerbaijan releases consolidated text of tax treaty with Austria under BEPS MLIÂ
December 24, 2025
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Austria reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
Read MoreAzerbaijan: CBA lowers key policy rate
December 15, 2025
The Central Bank of Azerbaijan (CBA) announced, on 10 December 2025, that it has lowered its policy (key) rate by 0.25 percentage points to 6.75%. The interest rate corridor was also adjusted, with the lower bound set at 5.75% and the upper bound
Read More