Legislative Update Newsletter - June 20, 2017 | KPMG | AZ

Legislative Update Newsletter - June 20, 2017

Legislative Update Newsletter - June 20, 2017

Overview of recent changes in the Azerbaijani legislation that could materially impact your business.

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In this issue:

A draft law on amendments to the Customs Code

A draft law on amendments to the Customs Code was submitted to the Milli Majlis of the Republic of Azerbaijan and already passed first reading. Key points for the proposed changes are as follows:

1. The list of documents and information required by the customs authorities in the provisions of the Customs Code shall be determined by the relevant executive authority.

2. According to the draft amendments, the following types of notifications and information can be provided not only in written but also in electronic form:

  • Terms defined for users
  • Mandatory decisions by customs authorities
  • The contents of the customs declaration and the supporting documents submitted together with it
  • Approvals for safe export delivery system
  • Coverage of customs debt
  • Applications for customs clearance of goods by physical persons

3. According to the new draft law the only document required for re-loading of goods - the Cargo Declaration has been canceled. This change may require further documents.

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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