On November 14, 2023, the next meeting of the Tax, Customs and Legal Affairs Working Group was organized for companies that are members of AHK Azerbaijan in the Shamakhi Hall of the Hyatt Regency Meeting and Conference Center. The chairman of the working group, Ms Gunel Sadiyeva, welcomed the participating companies and gave brief information about the progress of the meeting. Also, Ms Sadiyeva expressed her special thanks to PwC Azerbaijan for their support in holding the meeting.

In the first half of the event, Mr Jeyhun Ismayilov, Deputy Head of the General Department of International Taxation and Tax Monitoring, gave detailed information to the participants about the main principles and standards of tax base erosion and profit shifting (BEPS) and talked about their application in Azerbaijan. Mr Ismayilov also provided detailed information on the changes in advance arrangement of transfer pricing methods (APA) and tax accounting of Non-Residents.

In the second half of the meeting, Mr Ismayilov completed his speech by giving information about the approach to the minimum rules of "Global Rules" (GloBE) and agreement-based rules. Later, the event continued with a question-and-answer session moderated by Ms Sadiyeva.

At the end of the event, the participants of the meeting were informed about the appointment of Mr Elvin Aliyev, the head of the customs department of Autocapital-Azerbaijan LLC, to the position of the new vice-chairman for customs issues in the Tax, Customs and Legal Affairs Working Group.

Additionally, on behalf of AHK Azerbaijan, we express our special gratitude to PwC Azerbaijan for sponsoring the event.