Taxpayers should apply to bankers to open an account after tax registration. Persons conducting banking operations shall mean credit and electronic money organizations with the right to open and maintain bank and other payment accounts, as well as the national operator of postal communications. After the application, bankers open accounts for taxpayers. Later opened...
Seizure of documents and items such as samples is allowed during mobile tax inspection and operational tax control. When a mobile tax inspection is conducted, if additional time is required to study the documents and items that are the subject of the inspection and are submitted for tax calculation, if violations of the legislation are identified in those documents, or if these violations are related to items...
Financial statements of public legal entities are drawn up in accordance with International Financial Reporting Standards (IFRS). Accounting is carried out in accordance with these standards according to the accounting rules approved by the relevant executive authority. The Management Board of the Central Bank of the Republic of Azerbaijan determines the rules of accounting in the central bank of the Republic of Azerbaijan. How are financial statements prepared? By the state and municipality...
The right of employees to leave and the rules of its use are regulated by the Labor Code and cannot be limited. Employees have the right to vacation regardless of their profession, the duration of the employment contract and working conditions. Also, employees who work overtime on a substitute basis have the right to use the types of leave defined by the Labor Code. Legal guarantees of employees when using leave Employees...
Read this article to get detailed information about the employment contract and its content, parties, form and duration of the contract. Labor contract and its parties Labor contract is a written contract concluded between an employee and an employer on an individual basis and reflects the rights and duties of the parties and the basic conditions of labor relations. By concluding a written employment contract with the employer individually, the employee is...
Labor relations are regulated by the Labor Code. The employment contract can be terminated only in the cases and in the manner determined by the Labor Code. In what cases can the employment contract be terminated? According to the Labor Code, the following are grounds for termination of the contract: Initiative of one of the parties - employer or employee; Expiration of the time specified in the employment contract; Changing the conditions of working conditions; The owner of the enterprise...
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...
The cash method is one of the 2 main methods of accounting for income and expenses. In this article, you can get information about the basic principles of accounting with the cash method, the timing of income and expenses. The procedure for accounting of income and expenses, according to Article 130.1 of the Tax Code, the taxpayer, based on documented information, for the purpose of accurate reflection of taxable income (profit)...
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...
Current tax payments must be paid to the state budget by individual entrepreneurs and legal entities no later than 15 days after the end of the quarter. Municipally owned organizations and enterprises pay profit tax to the local budget. The amount of each payment is 1/4 of the tax calculated in the previous tax year. Special notaries with rate 10% determined by Article 101.4 of the Tax Code...
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