New Amendments to Tax Code in Azerbaijan?

New Amendments to Tax Code in Azerbaijan? The bill on amendments to the Azerbaijani Tax Code will be submitted to parliament in late April-early May. These amendments will take effect on January 1, 2013, Deputy Head of the Main Tax Policy and Strategic Research Department at the Azerbaijani Tax Ministry Mahaddin Namazov said on April, 9th, 2012. “The government is discussing the bill,” he added. “It is expected to be submitted to... Read More

CESD Policy Recommendation is on the Official Agenda

CESD Policy Recommendation is on the Official Agenda The CESD policy recommendation on applying tax refund system in Azerbaijan was taken into Government of Azerbaijan’s agenda. The recommendation was presented by the CESD on December, 2011 and broadly referenced by almost all leading mass-media institutes.  Russian version of CESD recommendation is available at http://cesd.az/new/2011/12/russian-иностранцам-разрешат-вывозить-потр/?lang=ru... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More