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

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

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

Japan and Turkmenistan signed the tax treaty “Convention between Japan and Turkmenistan for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance” in Ashgabat on 16 December

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