The next meeting of the Tax, Customs, and Legal Affairs Working Group of AHK Azerbaijan was held at the AHK Azerbaijan office on October 8, 2024. Proposals related to tax laws and administrative processes were discussed. The main objective of the meeting was to gather proposals from member companies on tax legislation and administration to be submitted to the State Tax Service.

Ms Aytekin Sirajzade, Acting Executive Director of AHK Azerbaijan, opened the meeting by welcoming the participants and handed over the floor to Ms. Gunel Sadiyeva, Chairperson of the Tax, Customs and Legal Affairs Working Group.

In her speech, Ms Sadiyeva provided detailed information based on the participants’ questions and suggestions regarding issues such as credit and taxation under the legislation of the Republic of Azerbaijan, tax exemption of interest income on bank deposits, and the concepts of charter capital and nominal value for start-ups.

Ms Sadiyeva also informed the participants about one of the future projects, Carbon Taxes, which would tax the production and import of products. Based on participants' views, discussions were also held around additional conditions for entrepreneurial activities.

The meeting concluded with an active exchange of views and a “Q&A” session.