From May 16th to 18th, the city of Samarkand hosted the annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), attracting representatives from various countries. The main objective of the event was to engage in discussions on critical matters related to economic development and investments.
On 3 May 2023, the next meeting of the AHK Azerbaijan Construction and Infrastructure Working Group took place with the Baku General Directorate on Architecture and Urban Planning under the State Committee on Urban Planning and Architecture.
Amending the Civil Code was entered into force introducing changes in four areas
On 24 February 2023, Act No. 822-VIQD amending the Civil Code was entered into force, introducing changes in four areas: on the conclusion of written contracts, on the loan agreement, and adding articles on the credit agreement and the consumer credit agreement.
On April 12, 2023, Legal 500, a global legal directory, released its rankings of leading law firms and lawyers in Europe, Middle East and Africa - Legal 500 EMEA 2023. The rankings reveal that GRATA International has maintained its success from the previous year, with strong rankings in Azerbaijan, Georgia, Kazakhstan, Tajikistan and Uzbekistan.
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 22.214.171.124-1 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.