Business Process Solutions


Business Process Solutions

Companies of all sizes have recognised the advantages that can be gained by outsourcing non-core functions. With a specialist taking charge of your tax compliance, accounting, payroll, HR or international reporting, you can concentrate on what really matters: delivering value to your shareholders.

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Tax reporting

Business process outsourcing is applied the world over, and Azerbaijan is no exception. The transfer of some or all functions of the accounting and finance departments to an external service provider is just one of the many aspects of outsourcing.

Pursuant to Azerbaijani legislation, Azerbaijani legal entities must file tax returns with the tax authorities. This service also includes preparing the following reports and filing them with the tax authorities:

Preparation of monthly/quarterly/annual reporting comprising:

  • Profit tax returns
  • Property tax returns
  • Road tax returns
  • VAT returns
  • PIT returns
  • Withholding tax (WHT) returns
  • Other tax returns and calculations

Accounting and reporting in accordance with the Azerbaijani legislation


• Development of an accounting policy for record keeping purposes, with a custom working chart of accounts based on the specific aspects of each company

• Preparation of primary documents in accordance with the requirements of Azerbaijani legislation

• Accounting for fixed assets, intangible assets and materials

• Stock count of inventory, fixed assets, intangible assets, payables and receivables

• Accounting for bank transactions

• Payroll accounting

• Accounting for settlements with employees

• Accounting for settlements with the budget

• Keeping registers of income and expenses, and assets and liabilities, based on the documents received

• General ledger maintenance and preparation of trial balances based on monthly results

• Closing monthly accounts and preparation for financial results

• All reports are prepared in accordance with the terms established under Azerbaijani legislation

Compliance and Reporting Services in Azerbaijan