BDO Tax Lighthouse
24 January 2019
On 20 December 2018 the President of the Republic of Azerbaijan approved the Law “On Amendments to the Tax Code of the Republic of Azerbaijan” dated 30 November 2018 (the “Law”). As the Law introduces a plethora of changes in the Azerbaijani taxation landscape, it is now more than ever necessary for businesses to remain abreast of tax developments.
As noted by the Ministry of Taxes, the amendments focus on promoting entrepreneurship, scaling down tax evasion and shadow economy, broadening the taxable base, improving tax administration and raising efficiency of tax deductions.
This publication provides an overview of main changes made to the Tax Code effective 1 January 2019 and canvasses the key impacts for taxpayers.