Businesses need an efficient and integrated management system to grow and develop. ERP systems stand out here. Through these systems, important processes such as project management, monitoring of production processes, risk management and so on are managed through a single software. This article explains what ERP systems are and why they are so important to your business...
The charter fund of the company The minimum volume of the charter fund of open-type companies is 10 million manats, and the minimum volume of the charter fund of closed-type companies is determined in the amount of 5 million manats. The amount of the charter fund must be formed within one year and the shares must be state registered. According to the decision of the general meeting of shareholders, the amount of the charter fund can be changed. General meeting on this issue...
A joint-stock company means an enterprise created on the basis of a voluntary agreement of individuals or legal entities to carry out economic activity. The authorized fund of this enterprise is formed by issuing shares. Establishment and activity of joint stock company is regulated by the Law of the Republic of Azerbaijan "On Joint Stock Company". What forms of joint stock company are there? The joint-stock company is open and closed type, 2...
Dividend is the distribution of the net profit of a legal entity in favor of its shareholders (founders) or shareholders, as well as the distribution of assets (property) formed at the expense of the net profit when the legal entity is liquidated, as well as money related to the redemption of shares (shares) within the limits of the nominal value increased by the net profit. or payment made in the form of other payments. In terms of net profit, simplified taxpayers...
Market price means the price of goods (service, work) determined by the interaction of demand and supply. Unless otherwise specified by the Tax Code, the price of goods for taxation purposes is the price determined by the parties in the transaction. This price is also considered as the market price. Calculation of taxes based on market price Calculation of taxes based on market price...
One of the most important questions that everyone asks before starting any business is "What will be my profit or profit here?" is a question. We are sure that everyone who finds the answer to this question is wondering what interest rate and amount of tax should be paid on the profit at the next stage, as well as whether there are any exemptions. In this article, profit, profit...
What are deductible and non-deductible expenses? We will talk about it in detail in this article. According to Article 109 of Chapter X of the Tax Code of the Republic of Azerbaijan, all other mandatory payments are deducted from income, except for expenses that are not deductible from income. All expenses must be justified and confirmed with documents. What are non-deductible expenses? Expenses related to non-commercial activity are not allowed to be deducted from income. Entertainment and food expenses, as well as...
What is a cameral tax audit? In this article, we will talk about mobile and camera tax audits. Tax authorities conduct tax audits using various methods. The main direction of tax control is checking the correctness of tax returns. During tax audits, information from past and current reports is checked in order to determine the facts of debt or overpayment. Camera tax audit and mobile tax audit...
What is severance pay and how should it be calculated? What rights does the legislation provide us with this? In this article, we will try to provide detailed information about it. As one of the parties to the employment contract, every employee has the right to use different types of leave (labor leave, social leave, educational and creative leave, unpaid leave) regardless of their profession, position, and duration of the employment contract, and...
What is meant by joint stock company? What forms does it have? The main feature of a joint-stock company is that it forms its authorized capital through shares. Let's talk about it. The authorized capital is a certain number of issued securities - a company divided into shares is called a joint-stock company. Each person who is a participant of a joint-stock company becomes a shareholder of the company and owns a certain number of shares. Shareholders...
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Our mission is to help entrepreneurs who want to develop their business, protect it from external influences, and ensure the success and sustainability of their future activities in the areas we are professionals. Our officesWhere are we?
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Our mission is to help entrepreneurs who want to develop their business, protect it from external influences, and ensure the success and sustainability of their future activities in the areas we are professionals. Our officesWhere are we?
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