Legislative Update Newsletter - 28 December, 2016 | KPMG | AZ

Legislative Update Newsletter - December, 2016 | Special Issue

Legislative Update Newsletter - 28 December, 2016

Recent changes to the Law of the Azerbaijan Republic on Non-Cash Transactions

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In this issue:

LAW OF THE REPUBLIC OF AZERBAIJAN ON NON-CASH TRANSACTIONS

Non-cash transactions mean remittances from a person's bank account to the bank account of another person (including via different payment instruments - payment cards, payment order, etc.) and payment methods (mobile telephones, computers and other equipment); transactions carried out with payment terminals; and transactions carried out by transferring in cash to the seller's bank account.

© 2017 KPMG Azerbaijan Limited, a company incorporated under the Laws of the Guernsey, acting through its Representative Office in the Republic of Azerbaijan, a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Azerbaijan.

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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