On 20 October 2015 the President of the Republic of Azerbaijan
signed into law amendments to the Tax Code 2000, which are
effective from 1 January 2016.
The most important changes include the following:
Preventing individuals who have tax debts from leaving the
country
The tax authorities will now have the right to obtain a court
order to temporarily restrict the rights of taxpayers who have tax
debts from leaving the country. This restriction will also apply to
the heads of management bodies of legal entities that have tax
debts.
Severe penalties for the violation of cash settlement rules by
persons involved in trading and public catering activities
Penalties for the violation of cash settlement rules by persons
involved in trade and/or public catering activities whose income in
any month or months during a consecutive period of 12 months
exceeds AZN 200,000 will be as follows:
