Legal changes in the legislation of Azerbaijan
The Law on Amendments to the Law of the Republic of Azerbaijan on “Suspension of inspections in the field of entrepreneurship” dated 20 October 2015 was adopted on 1 February 2022. As per this Law on Amendments, the suspension of inspections in the entrepreneurship field in the Republic of Azerbaijan has been extended for another year until 1 January 2023.
On April 11, 2022, Legal 500, a global legal directory, released its rankings of leading law firms and lawyers in Europe, Middle East and Africa - Legal 500 EMEA 2022.
GRATA International in Azerbaijan held a webinar on: "Doing Business"
On February 3, 2022, the online webinar on Doing Business in Azerbaijan was held, which covered issues from the corporate, labor, migration and tax points of view of doing business.
In the rankings, released by Chambers & Partners, GRATA International has confirmed its standing as one of the leading firms in Central Asia and Caspian region. Teams in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan received ratings across major practice areas.
On December 2, 2021, GRATA International held the final international online conference: "Public-private partnership and infrastructure development in Eurasia: recent changes in legislation, main problems and opportunities" for this year.
Adoption of the Rules regarding implementation of Article 111.3 of the Tax Code
On September 22, 2021, the Cabinet of Ministers of the Republic of Azerbaijan (“CabMin”) adopted Resolution #276 on approval of the Rules “On deduction of amounts attributable to the creation of special reserve funds for taxation purposes” (“Rules”).