The accounting structure includes the balance sheet, the profit and loss account and the notes to the accounts.
|Eastern Europe & Central Asia
|Number of Payments of Taxes per Year
|Time Taken For Administrative Formalities (Hours)
|Total Share of Taxes (% of Profit)
Source: Doing Business - Latest available data.
|Private employment (for private sector employees except for those in the gas and oil industry)
|From AZN 0 to 8,000 per month
|Above AZN 8,000 per month
|AZN 350 + 14%
|Oil and gas industry employment
|From AZN 0 to 2,500 per month
|Above AZN 2,500 per month
|AZN 350 + 25%
|Individuals who hold an investment promotion certificate
|50% exemption from personal income tax for seven years from the date of obtaining the certificate
|Entrepreneurs participating in micro enterprises, and income from innovative activities of entrepreneurs participating in micro or small enterprises
|75% exemption for three years from the date a start-up certificate is obtained
|Residents of the liberated territories
|Exempt for ten years
In the case of entrepreneurial activity, the portion of deductible expenses exceeding income may be carried forward for three years without limitations to offset future taxable income.
Business expenses can be deducted when calculating taxable income for entrepreneurs. This includes one-time allowances for medical treatment, such as surgery within or outside Azerbaijan, up to AZN 10,000 and AZN 50,000 respectively. Additionally, financial aid of up to AZN 20,000 per calendar year can be provided to family members of servicemen and nonmilitary personnel who have been killed or disabled as a result of military operations. Moreover, individual entrepreneurs involved in the production of food products that serve as substitutes for imported goods with locally-produced or processed goods will be eligible for a 50% exemption from individual income tax for a period of seven years, starting from the year the list of eligible goods is approved.
From January 1, 2023, individuals who are registered with the tax authorities in the liberated territories and are directly engaged in activities within these territories (referred to as "residents of the liberated territories") will be exempt from paying profit tax for a duration of 10 years.
|Type of property and law
|International Agreements Signed
Patent Law 1997 (Law on patents)
|Valid for 20 years
Patent Cooperation Treaty (PCT)
Trademarks Law (law on registered trademarks) law in the process of being drawn up ; Paris Convention in force
|10 years renewable
Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks
Patent Law 1997 (Law on Patents)
|Initial validity period of 10 years
Law on the rights of authors
|Upto 50 years after the death of the author
Berne convention For the Protection of Literary and Artistic Works
Convention for the Protection of Producers of Phonograms Against Unauthorized Duplication of Their Phonograms
Rome ConventionFor the Protection of Performers, Producers of Phonograms and Broadcasting Organizations
WIPO Copyright Treaty
WIPO Performances and Phonograms Treaty
Patent Law (Law on Patents)
|10 year period
|New Year's Day
|Extended holiday (the day after New Years)
|Navroz (traditional Iranian festival celebrating the new year according to the Iranian calendar)
|from 20th March to 22nd March included
|Proclamation of the first Democratic Republic
|National Salvation Day
|National Army and Navy Day
|Aid al-Fitr (Ramazan Bayrami)
|Varies each year
|Aid al-Adha (Qurban Bayrami)
|Varies each year
|from mid-June to end of August
|from the end of December to the beginning of January
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Latest Update: February 2024