Important legislative changes to the Tax Code | KPMG | AZ

Important Legislative Changes to the Tax Code

Important Legislative Changes to the Tax Code

Decree of the President of the Republic of Azerbaijan on “Confirmation of the directions of reforms to be made related to taxes in 2016 and Development of Administration.

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  • Decree of the President of the Republic of Azerbaijan on “Confirmation of the directions of reforms to be made related to taxes in 2016 and Development of Administration 
  • Reduction of the tax burden and alleviation of administration;
  • Calculation of VAT payable by the entrepreneurs engaged in the retail trade activity over the mark-up of goods;
  • Application of the tax free system on border check points other than airports;
  • Application of differentiated VAT rates for various goods and services;
  • Application of Advance Tax Ruling Agreements; - Limitation of mail (off-site) audits to 30 days after submission of tax reports;

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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