AZE - CHANGES TO TAX CODE

According to the amendments, made to the Tax Code starting from 01 January 2023 , payments made directly or indirectly by permanent establishment (branch)  of residents or non-residents of the Republic of Azerbaijan, as well as by individuals who are not registered with the tax authority of the Republic of Azerbaijan to persons or entities established (registered) in countries or territories with preferential taxation, including their branches or representative offices in other countries, as well as their bank accounts in countries or territories with preferential taxation shall be considered as income from Azerbaijani sources and shall be taxes in accordance with the provisions of effective Azerbaijani tax legislation.