Amendments were made to the Tax Code providing for the application of incentives to activities in the field of production of agricultural products and foodstuffs were adopted
According to Articles 102.1.11 and 102.1.11-1 of the Tax Code, income of individuals from direct production of agricultural products (including industrial production), including non-operating income of individuals engaged in production of agricultural products from this activity
Amendments were made to the Tax Code regarding regulation of activities of residents of the countries with preferential tax regime
According to paragraph 10 of Article 13.2.16.14-1 of the Tax Code, transfer of net income of the permanent establishment of non-resident located in the countries or territories with preferential tax regime to the account of this non-resident will not be considered as income from Azerbaijani sources
The Law "On public-private partnership" entered into force on December 27, 2022
From the date on which this Law entered into force, the Law "On implementation of investment projects related to construction and infrastructure facilities on the basis of special financing" has lost its legal force.
The Law “On the safety of food products” entered into force on January 1, 2023
According to the new Law, the food products are unprocessed, semi-finished or fully processed products intended for human nutrition, including food additives, biologically active food products, food raw materials, beverages (alcoholic and non-alcoholic), drinking water (bottled), salt and chewing gum
Amendments were made to the Presidential Decree "On additional measures for improvement of social wellbeing of the population" in connection with the minimum salary amount
Amendments were made to the Presidential Decree "On additional measures for improvement of social wellbeing of the population" in connection with the minimum salary amount.
The amount of penalty for violation of the rules and procedure for submission of reports to the tax authorities by transnational corporations (whose turnover exceeds 750 million AZN) is increased
According to Article 16.9 of the Tax Code, in case the total income of a group of transnational corporations in a fiscal year exceeds the AZN equivalent of 750 million euro