Azerbaijan: Tax measures effective in 2022
The provisions in the legislation enacted in late December 2021 includes changes to the tax law are effective 1 January 2022.
Tax measures effective in 2022
Legislation enacted in late December 2021 includes changes to the tax law.
The provisions are effective 1 January 2022 and concern:
- The rules for determining a permanent establishment
- The tax treatment of offshore income or revenue
- Transfer pricing rules
- Controlled foreign company (CFC) rules
- Extension of the period for tax audits
- New reporting requirements for certain groups of taxpayers
- Changes to the profit tax calculation
- Value added tax (VAT) exemption for certain electric cars
- Property tax on certain means of transportation
- Increased excise tax for alcohol, certain “big engine” automobiles
Read a January 2022 report [PDF 405 KB] prepared by the KPMG member firm in Azerbaijan
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