Persons with the right to be a simplified tax payer According to the legislation, the following persons have the right to be a payer of the simplified tax: Taking into account the relevant provisions of the Tax Code, the volume of transactions that are not registered for VAT purposes and are taxable in any month during a consecutive 12-month period is 200,000 manats or less. persons who are; The volume of taxable transactions...
Value added tax (VAT) is the difference between the amount of tax calculated on the taxable turnover and the amount of tax that should be compensated according to the documents showing that VAT has been paid on importation or the electronic invoices issued. What are the services for which VAT is charged at 0 rate? VAT is charged at the rate of zero (0) for the following operations, works and services: accredited international...
The system of determining the customs value of goods (customs valuation) is based on the main principles accepted at the international level. These general principles apply to goods brought into the customs territory. The rules of customs valuation of goods are determined by the AR Law "On Customs Tariff" in accordance with the Customs Code. Customs valuation rules are determined by this law by the relevant executive authority. Customs value of goods...
The period for the fulfillment of the tax obligation is extended by the Ministry of Taxes of the Republic of Azerbaijan in accordance with the requirements of the Code of the Republic of Azerbaijan and the "Terms and rules for extending the period for the fulfillment of the tax obligation". Cases of changing the period related to the fulfillment of the tax obligation Changing this period to a later period than the one defined by the AR Tax Code is possible in the following cases: Natural disaster or...
The tax liability must be fulfilled within 30 days after the taxpayer's property is listed. Otherwise, the tax authority may apply to the court for the sale of the listed property in the amount necessary and sufficient to ensure the payment of debts to the state budget for interest, taxes and financial sanctions. (through the body (institution) determined by the relevant executive authority,...
Internal audit is a providing, objective and advisory activity that helps the economic entity to achieve its goals related to the development of its activities and improvement of its efficiency. This activity is carried out with a systematic approach to the development and evaluation of the effectiveness of control and management, risk management. The internal auditor is an employee of this service who performs the audit. The internal control system and internal audit service activities are internal...
Transfer price is the price of goods (services, work) for controlled operations determined in accordance with the AR Tax Code and the rules of "Determining and applying transfer prices". But how are comparable operations selected according to these rules? What are the transfer pricing methods? In this article, you will find the answers to these questions. To determine the transfer price, compared transactions...
Excise tax is a type of tax imposed on some mass consumer goods, jewelry, mineral raw materials, and services by including them in the price. Excise rates of goods brought to the territory of the Republic of Azerbaijan are approved by the Cabinet of Ministers and applied uniformly throughout the country. Which goods are subject to excise tax? Goods and passenger cars not produced in the CIS countries are included in Appendix No. 1...
A consumer is a person who uses goods, works and services to satisfy his personal needs, as well as buys, orders, or intends to buy or order them. In this article, we will provide information about the rights of consumers and their state protection. What rights do consumers have? In accordance with the Law of the Republic of Azerbaijan "On Protection of Consumer Rights", consumers in the territory of the Republic of Azerbaijan have the following...
According to the Tax Code of the Republic of Azerbaijan, invoices for goods, works and services registered for the purposes of VAT and provided in connection with entrepreneurial activity are submitted in electronic form. Electronic invoice user manual Electronic invoices (e-Invoice) can be prepared by taxpayers in two ways: "Online mode" - the taxpayer can access electronic services by clicking the "LOG IN" button on the Internet Tax Administration portal...
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