On 26 October 2022, the President of the Republic of Azerbaijan published a law ratifying the Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which was approved by the President on 11 October 2022. The form of exchange of letters signed on 26 November 2021 and 1 June 2022 between the Republic of Azerbaijan and the Organization for Economic Cooperation and Development (OECD) on joining the Inclusive Framework as an associate member in the BEPS project.
Related Posts
Azerbaijan joins CIS tax reform and digital innovation talks
Azerbaijan attended a high-profile Coordination Council meeting in Bishkek, Kyrgyzstan, on 7 October 2024. The meeting comprised high-ranking tax officials from the Commonwealth of Independent States (CIS) Armenia, Belarus, Russia, Tajikistan,
Read MoreAzerbaijan exempts VAT for import of certain fixed assets under leasing contracts
The Cabinet of Ministers of Azerbaijan approved Resolution No. 383, which exempts the import of certain fixed assets under leasing contracts from value-added tax (VAT) on 3 September 2024. The resolution provides a list of 136 categories of fixed
Read MoreAzerbaijan implements new e-commerce VAT regulations for non-residents
In July 2024, Azerbaijan’s State Tax Service introduced regulations for the electronic registration, re-registration, and de-registration of non-residents involved in e-commerce. Approved by the Cabinet and integrated into the Tax Code, these
Read MoreAzerbaijan publishes law on ratification of pending tax treaty with Kyrgyzstan
Azerbaijan published the law – titled, “Law of the Republic of Azerbaijan on approval of the ‘Agreement between the Republic of Azerbaijan and the Kyrgyz Republic on the elimination of double taxation and prevention of tax evasion with respect
Read MoreAzerbaijan ratifies tax treaty with Kyrgyzstan
Azerbaijan's National Assembly (Milli Mejlis) ratified the pending income tax treaty with Kyrgyzstan on Friday, 28 June 2024. The income tax agreement is expected to eliminate double taxation on income and prevent tax evasion between the two
Read MoreAzerbaijan publishes law ratifying BEPS MLI
The Republic of Azerbaijan published a law ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) on Monday, 24 June 2024. The Milli Majlis of Azerbaijan made this decision based on Clause 4 of Part I
Read More