Professional compiling of declarations.
Drawing up tax returns is a process that requires a professional approach. According to the regulations of the Tax Code of the Republic of Azerbaijan, there are several forms of taxation for commercial entities. One of them is a simplified tax rate, the size of which is today 2%. Many organizations - legal forms of business, including Individual Enterprise, do not include qualified accountants in the staff and fill in the declarations themselves. This can lead to definitely greater penalties: the first time an incorrectly filled document is sent for revision, then there is a delay in delivery and a penalty.
Our company is aware of the problem of businessmen reporting to state bodies and provides the service of compiling and submitting declarations in tax department for simplified tax payers (2%). The procedure includes: examination of the applicant's accounting records, filling in all necessary reports, sending a package of declarations to the Taxes department the Republic of Azerbaijan.
If necessary, correction of the data is conducted FOR FREE.
For Individual Entrepreneurs, the service is made at a minimum cost.
ATTENTION - Favorable conditions!
FIRST TAX ADVICE AND ONE MONTH OF ACCOUNTING SERVICE PROVIDED
FOR FREE !!!
Frequently asked questions
If you have specific questions, you can contact us for consultation
The following may be simplified tax payers in Azerbaijan:
- Individual entrepreneurs (IE) and legal entities whose annual turnover does not exceed the established limit (in 2024, this is 200,000 manats).
- Companies operating in the trade and services sectors, with the exception of those who are required to pay VAT.
- Organizations operating in regions where a preferential tax regime applies.
However, some types of activities cannot apply the simplified system (for example, banks, insurance companies, licensed activities).
In Azerbaijan, a preferential tax regime has been in effect for private sector employees outside the oil and gas industry since January 1, 2019. Under this regime, monthly income of up to 8,000 manat is exempt from income tax for up to 7 years. Income exceeding 8,000 manat is taxed at a rate of 14% of the excess amount. For oil and gas and public sector employees, the standard income tax is 14% for income up to 2,500 manat and 25% for income exceeding this amount.
In addition, there are certain tax exemptions and deductions, such as a standard deduction of 200 manat for residents, as well as additional deductions for individuals with dependent children or other dependents.
Please note that tax legislation may change, so it is recommended to check the latest updates on the official website of the Tax Service of Azerbaijan or consult a tax specialist.
When applying the simplified taxation system, it is necessary to keep:
- A book of income records - all receipts from activities are recorded.
- A book of expenses (if accounting of expenses is assumed).
- Bank statements and cash documents confirming payments.
- Agreements with counterparties (if there are transactions with clients and partners).
- Tax reports - the simplified tax is paid quarterly, and a corresponding declaration must be submitted.
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