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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