Significant Legislative Amendments - July 12, 2017 | Special Issue

Significant Legislative Amendments - July 12, 2017

Periodic review of recent changes in the Azerbaijani legislation, adopted by governmental and regulatory bodies, as well as draft amendments to Azerbaijani legislation that could significantly impact on your business.

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List of countries and territories with concessive taxation

President of the Republic of Azerbaijan signed a Decree “On approval of the list of countries and territories with concessive taxation” on 11 July 2017. The following is the list of those countries and territories: Andorra, Anguilla, Antigua and Barbuda, Aruba, The Netherlands Antilles, Bahamas, Bahrain, Bermuda, British Virgin Islands, Belize, Barbados, Gibraltar, Jersey, Dominica, Hong Kong (China), Cayman Islands, Cook Islands, Costa Rica, Guernsey, Grenada, Liberia, Liechtenstein, Maldives, Isle of Man, Marshall Islands, Montserrat, Monaco, Macau (China), Nauru, Niue, Panama, Palau, Seychelles, Saint Kitts and Nevis, Samoa, Saint Vincent and the Grenadines, Saint Lucia, Turks and Caicos Islands, Vanuatu, Virgin Islands (USA).

© 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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