Economy and Financial News
Azerbaijani parliament passes tax code amendments PDF Print E-mail

The Azerbaijani parliament (Milli Majlis) during a plenary session on Friday adopted a draft law on amendments to the Tax Code that comes into effect on January 1, 2013.


Azerbaijani banks to start calculating using new method from 2013 PDF Print E-mail

A new accounting plan in the Azerbaijani banking system and relevant recommendations will be put into use from Jan. 1, 2013, the Azerbaijani Central Bank (CBA) said.

The Central Bank is conducting a five-day workshop with the support of the international audit company Ernst & Young.

The workshop is being held for financial managers and employees of Azerbaijani commercial banks, as well as the staff of the Central Bank's departments.

Road tax to be imposed in new way in Azerbaijan from 2013 PDF Print E-mail

Azerbaijan has revised road tax rates that come into force in January 2013.

In accordance with amendments to the Tax Code, as part of improving the mechanism of imposing road tax on vehicles and depending on the engine and the term presence in Azerbaijan, differentiated rates for vehicles are introduced.