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

Latvia has gazetted amendments to the Value Added Tax (VAT) Law implementing EU directives to support small businesses on 28 December 2024. The Law was passed by the parliament on 12 December 2024. These changes went into effect on 1 January

Latvia has published the law approving the ratification of a new income and capital tax treaty with Andorra on 12 December 2024. Signed on 21 December 2024, this agreement is the first tax treaty between the two nations. The treaty seeks to

Azerbaijan has proposed changes to the Tax Code on penalties for tax non-compliance and country-by-country (CbC) reporting. The penalty for failing to submit requested documents and information to the tax authorities within 60 days will be

Azerbaijan has proposed lowering the branch profits tax rate by amending its Tax Code.  If approved, the profit tax will be reduced to 5%, effective from 1 January 2025. Presently, the profit tax for enterprises is 20%. Non-resident legal

Kyrgyzstan's President Sadyr Japarov has signed into law the ratification of a new income tax treaty with Azerbaijan on 22 November 2024. The aim of this tax agreement is to eliminate double taxation with respect to income taxes and the