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

Israel’s government passed the budget for 2025 on 1 November 2024. The 2025 budget includes various tax hikes, such as an increase in the standard VAT rate from 17% to 18% and spending cuts on most ministries. The Israeli Cabinet cited that tax

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,

Azerbaijan officially became the 86th jurisdiction to ratify the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on 24 September 2024. This follows after the Azerbaijan parliament