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As of 2023, the Azerbaijani Tax Code defines jurisdictions with
preferential taxation as:
- those with the tax rate at 75 percent and lower (as opposed to
at least twice lower previously) of the rate applicable under the
Code: - those not exchanging with the Republic information according to
the relevant standards under international agreements’
and/or - those with law protecting confidentiality of information of
companies enabled to preserve secrecy of their financial data or
beneficiary of property or income (profits).
On 18 March 2023, the President of the Republic issued Decree
No. 2070 updating the list of jurisdictions with preferential
taxation. The Decree amends the original list approved by
Presidential Decree No. 1505 of 11 July 2017. Earlier, in 2019, the
list was amended by Presidential Decree No. 724 of 11 June. The
2023 Decree list is the broadest of all three, listing 47
jurisdictions, most retained from the original or amended lists and
others either reinstated from the original list or newly added.
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Originally published April 2023.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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