Azerbaijan: STS raises VAT limit to encourage cashless payments
Azerbaijan’s State Tax Service (STS) has announced changes to the VAT registration threshold for businesses using cashless payments, aiming to encourage the adoption of electronic transactions in retail trade and public services. The
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Azerbaijan releases consolidated text of tax treaty with Bosnia and Herzegovina under BEPS MLI
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Bosnia and Herzegovina, reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base
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Azerbaijan releases consolidated text of tax treaty with Belgium under BEPS MLI
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Belgium reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
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Azerbaijan releases consolidated text of tax treaty with Austria under BEPS MLI
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Austria reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
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Azerbaijan: CBA lowers key policy rate
The Central Bank of Azerbaijan (CBA) announced, on 10 December 2025, that it has lowered its policy (key) rate by 0.25 percentage points to 6.75%. The interest rate corridor was also adjusted, with the lower bound set at 5.75% and the upper bound
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Azerbaijan, Israel conclude fourth Joint Economic Commission
The fourth session of the Joint Economic Commission between Azerbaijan and Israel was held on 20 November 2025 in Jerusalem, co-chaired by Azerbaijani Economy Minister Mikayil Jabbarov and Israeli Minister Zeev Elkin. The meeting highlighted the
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Azerbaijan prepares major tax code reform: Shifts towards transparent, investment-friendly model
Azerbaijan’s State Tax Service (STS) under the Ministry of Economy has unveiled a comprehensive package of amendments to the Tax Code, marking the next stage of the country’s fiscal reform agenda. Speaking at the Milli Majlis Committee on
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Azerbaijan, Oman to establish income tax treaty
Any resulting income tax treaty will be the first between the two nations. Officials from Azerbaijan and Oman convened on 8 October 2025 to explore opportunities for strengthening economic and investment ties, as reported by the Oman News
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Azerbaijan, Kazakhstan to hold next round of tax treaty talks
The proposed treaty, once finalised, signed, and ratified, will replace the existing tax agreement between Azerbaijan and Kazakhstan, which has been in effect since 1996. The Azerbaijan State Tax Service announced that officials from
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Azerbaijan: Central Bank lowers key interest rate
The rate has been lowered from 7.25% to 7%, effective 24 July 2025. The Central Bank of Azerbaijan has lowered its key refinancing rate from 7.25% to 7.0%, effective 24 July 2025. The decision was based on actual inflation aligning with
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OECD publishes new transfer pricing profiles for Azerbaijan and Pakistan, updates 11 others
The OECD has published updated transfer pricing country profiles for 11 jurisdictions. RegFollower Desk The Organisation for Economic Co-operation and Development (OECD) has released new transfer pricing country profiles for Azerbaijan and
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Azerbaijan, Kazakhstan conclude income tax treaty talks
Azerbaijan has announced that the first round of negotiations for a new income tax treaty with Kazakhstan concluded on 2 May 2025. Both countries have mutually agreed upon most provisions of the treaty. The agreement focuses on the elimination of
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Azerbaijan, Kazakhstan begin negotiating new income tax agreement
Azerbaijan and Kazakhstan initiated the first round of talks for a new income tax agreement on 29 April 2025. Participants in the meeting included Orkhan Musayev, who leads the Main Department for International Taxation and Tax Monitoring at
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Azerbaijan, Cambodia begin talks on double taxation agreement
The first round of negotiations on a draft agreement to eliminate double taxation and prevent tax evasion between Azerbaijan and Cambodia took place in Phnom Penh, Cambodia. This announcement was made by Azerbaijan's State Tax Service (STS) on 14
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Azerbaijan, Kyrgyzstan tax treaty enters into force
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
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Azerbaijan, Latvia sign MOU on tax recovery assistance and information exchange
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
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Azerbaijan amends tax code: Cuts branch profit tax, introduces new corporate tax and VAT exemptions
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
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Azerbaijan plans to raise penalties for CBC reporting tax non-compliance
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
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