Legislation Archives - Page 4 of 4

What is a mobile tax audit?

November 13, 20230

Mobile tax inspection is carried out directly in the territory where the taxpayer carries out his entrepreneurial activity. During the mobile tax inspection, the information obtained by the tax authorities is examined on the basis of information obtained from external sources - mass media, financial institutions, banks, as well as various control bodies. What are the forms of mobile tax inspection? There are 2 forms of mobile tax audit. Next and out of the ordinary….

Business terms Legislation

What is income tax? How is the income tax calculated?

25 October 20230

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...

Legislation Terms

What is a tax liability? How is the tax debt incurred?

23 October 20230

The fulfillment of tax obligations is the payment of tax amounts due in the specified period and in the specified manner. In this article, we will talk about tax debt and its causes in case of non-fulfillment of obligations. In accordance with Article 11 of the Tax Code, taxes are transferred to the state budget and...

Business terms Legislation

What are deductible and non-deductible expenses?

21 October 20230

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...

Business terms Legislation

What is a cameral tax audit?

18 October 20230

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...

Legislation

How is customs clearance of transit cargo carried out?

25 March 20230

Customs clearance of transit cargo is carried out on the basis of the Customs Code of the Republic of Azerbaijan. But in what form does this legislation envisage the mentioned process? In this article, we will talk about how to carry out customs clearance of transit cargo. Customs clearance of transit goods is started after the border station informs the relevant customs authority about the goods' entry into AR. Transit cargo from the point of import to the point of export...

Business terms Legislation

What forms of joint stock company exist?

12 March 20230

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...

Legislation

What areas of entrepreneurial activity should be licensed?

19 February 20230

There are a number of types of entrepreneurial activity, for which you must obtain certain permits - licenses. In this article, we will talk about certain specific types of entrepreneurial activity that must be licensed. The areas of activity mentioned below must be licensed in accordance with the legislation of the Republic of Azerbaijan. The full list of areas of activity that require a license can be obtained from the link mentioned at the end of the article...

Newer Posts

Legislation

What is a mobile tax audit?

What is income tax? How is the income tax calculated?

What is a tax liability? How is the tax debt incurred?

What are deductible and non-deductible expenses?

What is a cameral tax audit?

How is customs clearance of transit cargo carried out?

What forms of joint stock company exist?

What areas of entrepreneurial activity should be licensed?

05 July 2024Opening accounts for taxpayers

26 June 2024Features of the accountant profession

19 June 2024What is an LLC and how is it established?

12 June 20245 key principles of financial reporting for businesses

05 June 2024Benefits of accounting for entrepreneurs

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