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
Amendments to the Migration Code of the Republic of Azerbaijan establishing incentives to persons engaged in labor activity in the liberated territories were adopted
As per the amendments, the issuance of work permits to persons engaged in labor activities in the liberated territories will be carried out without applying the labor migration quota.
The Labor Code of the Republic of Azerbaijan was amended with regard to the persons engaged in labor activity in the liberated territories.
The new amendments introduced the definition of specialists working in the liberated territories of the Republic of Azerbaijan as a person working based on an employment agreement (contract) in the territories of the Republic of Azerbaijan liberated from occupation, who has a state document on professional, secondary or higher education, and at least 24 months of seniority in the last 60 months.
“On increase of social benefits” and the Law of the Republic of Azerbaijan “On social insurance”
Amendments were made to the Tax Code of the Republic of Azerbaijan, the Presidential Decree “On increase of social benefits” and the Law of the Republic of Azerbaijan “On social insurance” in connection with the provision of incentives to persons engaged in activities in the liberated territories.
A number of amendments were made to the Tax Code of the Republic of Azerbaijan
A number of amendments were made to the Tax Code of the Republic of Azerbaijan, the Migration Code of the Republic of Azerbaijan, and the Law of the Republic of Azerbaijan “On social insurance” in connection with the provision of incentives to persons engaged in activities in the field of information technology
GRATA International in Chambers Global 2022
Following the release of Chambers Global 2022, one of the most reputable international legal directories identifying best legal experts across the globe, GRATA International solidifies its position as one of the leading law firms in Eastern Europe and Central Asia by entering rankings in six countries.
GRATA International held an online conference on the topic: Personal data of employees
On December 8, 2022, an international online conference on the topic: “Features of working with personal data of employees in GRATA jurisdictions: Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia" was held.
18.11.2022
On 25 October 2022, AHK Azerbaijan in collaboration with GRATA International Azerbaijan organized a Business Trip to the Karabakh Economic Region, which was attended by about 50 company representatives.
GRATA International held an online conference: Fintech in Eurasia
On September 29, 2022, a conference: Fintech in the countries of Eurasia: recent legal developments and main isuess, with the participation of GRATA offices in Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan and Moldova.
The fight against illegal money transfers from/to Azerbaijan will be intensified.
A new draft law on making amendments to the Criminal Code and Code of Administrative Offences was discussed at the first meeting of the Committee on Legal Policy and State Building of the Parliament of the Republic of Azerbaijan, which was held on September 22, 2022.