On 16 November 2022, Azerbaijan submitted a proposal to the Parliament to increase the penalty for failure to submit country-by-country (CbC) reports. Accordingly, penalties for failure to file CbC reports or to comply with other CbC-related obligations have been proposed to increase from AZN 2000 to AZN 10000 effective from 1 January 2023.
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Read More 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 More 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 More 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
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