Azerbaijan Tax News
Substantial changes to the Tax Code
On 30 November 2018 the Law “On amendments to the Tax Code of the Republic of Azerbaijan” (hereinafter, referred as “Draft Law”) has been approved by the Parliament of Azerbaijan and is now pending the approval by the President of the Republic of Azerbaijan.
The Draft Law envisages amendments and new provisions with respect to the goals set out by the Government to decrease significantly the shadow economy and to increase the transparency by applying certain tax reductions and tax exemptions as well as broadening the tax base and improving the tax administration.
In this newsletter, we are pleased to share with you highlights of the most important changes and additions, which we trust you will find helpful.
Please feel free to contact us if you have any questions with respect to the changes to the Tax Code and the Law “On Social Insurance”.