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Transfer pricing rules of Azerbaijan: reporting and penalties in 2025

Transfer pricing rules of Azerbaijan: reporting and penalties in 2025

The concept of “transfer prices” is newly introduced into Azerbaijani tax law. The transfer pricing rules of Azerbaijan are effective since 2017. The Tax Cod...

Dec 29, 2024 Caspian Legal Center
Representation expense and social expense limits approved

Representation expense and social expense limits approved

New rules have been adopted regarding the deduction of expenses from income for representation expenses, employees' housing and meal expenses, as well as exp...

Nov 27, 2024 Caspian Legal Center
Business Trip Regulations Amended 

Business Trip Regulations Amended 

Employee Business Trip Regulations adopted by the Ministry of Finance on 18 January 2012  ("Business Trip Regulations" hereinafter)  has recently been amende...

Oct 24, 2024 Caspian Legal Center
COP29 Azerbaijan Host Country Agreement

COP29 Azerbaijan Host Country Agreement

On 10 October 2024, The President of Azerbaijan has promulgated a Law passed by the Parliament on approving COP29 host country agreement. This host country a...

Oct 11, 2024 Caspian Legal Center
Caspian Legal Center wins both ITR Awards 2024

Caspian Legal Center wins both ITR Awards 2024

Caspian Legal Center wins both ITR Awards 2024

Sep 24, 2024 Caspian Legal Center
Employment Code of Azerbaijan: 2024 Labour Law Amendments

Employment Code of Azerbaijan: 2024 Labour Law Amendments

Several significant amendments have been made to the Labor Code of the Republic of Azerbaijan. The amendments, which came into effect on August 12, 2024, pri...

Aug 15, 2024 Caspian Legal Center
Update in the regulation of tobacco products

Update in the regulation of tobacco products

A number of amendments have been made to the Laws of the Republic of Azerbaijan 'On Tobacco and Tobacco Products' and 'On Licenses and Permits.' These amendm...

Aug 11, 2024 Caspian Legal Center
Failure to make capital contribution will be penalized

Failure to make capital contribution will be penalized

Until now, no specific legal implications of failure to make initial capital contribution were prescribed by the laws. It was interpreted as a matter left to...

Jul 22, 2024 Caspian Legal Center
Update on the medical certificate procedures

Update on the medical certificate procedures

With the new changes, medical certificates are obtained by insured persons and insurers through the "Unified Health Information System" of the Ministry of He...

May 07, 2024 Caspian Legal Center
Business trip rules in Azerbaijan: per diem rates (travel norms) updated

Business trip rules in Azerbaijan: per diem rates (travel norms) updated

Azerbaijan business trip rules regulate business travel allowances determined for the employees which are tax deductible expenses for income tax purposes. Ac...

Apr 23, 2024 Caspian Legal Center