Taxes in Azerbaijan
Use our complete expertise and effective techniques that correspond with the state’s regulatory frameworks to ensure adherence with all regulations, limit tax obligations, and maximize the possibilities of local and foreign activities in the Azerbaijan.
Our tax regulation solutions comprise tax optimization, value-added tax (VAT), tax consulting, bookkeeping, tax return, and tax registration.
Tax solutions in Azerbaijan
The professionals supervise the creation and submission of legal tax returns and the management of tax obligation payments to state authorities. Expert tax administration can assist you in talking with tax organizations, public welfare agencies, and security firms.
Tax optimization
Get the assistance to fulfill your tax obligations by creating tax-related documents such as tax records, statements, and wage estimates via talented taxation intermediaries.
The tax attorney makes the most out of your particular monetary situations within the boundaries of what is allowed by the country’s legislation.
Tax consultation
Customers’ tax returns are often prepared by tax consultants, who also provide advice and information to help clients complete their tax returns. They answer customer questions, help them plan for anticipated tax concerns, and analyze data to ensure compliance with government regulations.
VAT registration
The pros file the VAT application so that the company can easily register for a VAT id number. On your behalf, the specialists give essential data such as salary statements to officials.
Bookkeeping
Expert bookkeepers modify your financial statement information report to your and your company’s specific needs. Keep track of bills and invoices, as well as all of your company’s financial transactions, with bookkeeping software.
Applying for tax return
File for your vat returns in Azerbaijan every year with the support of tax specialists. The tax department has the option of immediately producing and filing tax returns or examining and revising draughts tax records prepared by the tax office.
Register as a taxpayer
With the help of our tax professionals, you can register as a taxpayer and provide the appropriate evidence to the IRS, such as identification verification, proof of residency, and financial records. The agents will also represent you in meetings and appointments with the tax office if necessary.
System of taxes and fees in Azerbaijan
In Azerbaijan, the tax year begins on January 1st and concludes on December 31st. Companies must complete and send their tax declarations by the 31st of March of the calendar year, while consumers of streamlined tax must file their statements by the 20th of April. Citizens who have spent 182 days in Azerbaijan are liable for paying duties. Citizens of Azerbaijan are taxed on their worldwide earnings, while non-residents are solely taxed on profits earned in Azerbaijan.
Tax rates
The table below provides a list of some of the most prevalent types of taxes along with their corresponding rates.
| Tax | Tax Rate |
|---|---|
| VAT | 18% |
| Corporate income tax | 20% |
| Personal income tax | 0% – 25% |
| Dividend tax | 5% |
| Capital Gains tax | 20% (under corporate or personal tax) |
| Property tax | Varies based on the type of property. Residential buildings are taxed at 0.1 to 0.4 AZN per square meter, depending on the location. Legal entities are taxed on the average annual value of fixed assets at 1%. |
| Inheritance tax | N/A |
| International tax | Corporate tax: 20%; Withholding tax: 5% on dividends, 10% on interest, 14% on royalties |
| Cryptocurrency tax | 8% VAT, 10% WHT, 14% profit tax |
Request bookkeeping solution
With professional accounting services, you can ensure that your company’s accounts and systems are correctly set up connected and that you’re making the best business decisions possible. Expert auditors also assess sales, keep track of inventories, ensure that data entry accurately reflects actual corporate activity, and ensure that the organization follows federal regulations. If you require professional bookkeeping advice and solutions, please request our bookkeeping solutions.
Bookkeeping
We are very attentive to your requests and like to learn more about you. Contact us for tax help from competent, knowledgeable, and trustworthy accountants.
Contact us
Ready for the next step
Accelerate your business growth while we take care of everything else.
Disclaimer
Tax laws and regulations are continually evolving and can differ depending on personal circumstances. The information shared here serves as general guidance and might not represent the latest changes. It is strongly advised to seek the expertise of a qualified tax professional for tailored and current advice relevant to your situation.