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In this blog we would like to bring to your attention a brief overview of the latest amendments to the legislation. More Info

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Legislative alerts in Azerbaijan

Legislative alert: 30 June, 2014

June 30, 2014

Legislative alert:
Amendments to the legislation

  • The Rules on the form of employment contract notification and its input in the electronic information system were approved

The Rules on the Form of Employment Contract Notification and its Input in the Electronic Information System, the Form of the Information on Registration of the Notification in the System and Providing the Details on the Registered Employment Contract Notification in Real-Time Mode were approved by Decree #183 of the Cabinet of Ministers of the Republic of Azerbaijan published on 13 June 2014.

The Decree, among other issues, determines information that should be included in employment contract notification and input of employment contract notification into electronic information system via “E-government” portal.

It should be mentioned that employers should enter information pertaining to the employment contracts currently in force into
the information system by 1 July 2014. However, the aforementioned system has not been yet activated. According to the information disclosed by the Ministry of Labor and Social Protection of Population of the Republic of Azerbaijan, the electronic information system will be activated on 1 July 2014, and employers will be given extra period of 3 months to register the employment contracts currently in force.

(http://www.mlspp.gov.az/az/pages/17/39/information/333)

  • Amendments on tax exemptions and privileges have been made to the Tax Code

Based on the amendments entered into force on 14 June 2014, a number of tax exemptions and privileges determined under other legislative acts were added to the Tax Code. 

Thus, particular provisions on tax exemptions (profit tax, VAT,property and simplified taxes) for the legal entities producing agricultural products were added to the Tax Code (for the period of 5 years effective from 1 January 2014). The law previously granting the above exemptions has been abolished.

  •  The Law on State Duties has been amended

According to the amendments entered into force on 27 May 2014, the amount of state duty for work permit is determined proportionate to the validity period of such permit. As such, the state duties for obtaining and extension of work permit are as follows:

· Up to 3 months – M 350;
· Up to 6 months – M 600;
· Up to 1 year – M 1000.

Please note that before the amendments, the state duty for the initial work permit was M 1000 regardless of the validity period.

  • New e-services to be provided by the State Migration Service

The list of e-services provided by the state authorities has been extended starting from 24 May 2014. The following additional services will be provided by the State Migration Service of the Republic of Azerbaijan:
· Receipt of the application and documents required for extension of temporary residence permit;
· Receipt of the application and documents required for registration of foreign nationals temporary staying in Azerbaijan for more than 3 days on their location.

  •  The Law on Seaports has been adopted

The Law on Seaports came into force on 17 May 2014. The Law determines the rules on construction of seaports and on entrepreneurial activities carried out within seaports. Furthermore, the mechanism for state control over the activities within seaports is also described in the Law.

 

Contacts
We hope that you will find this overview helpful. For more detailed information, please contact the following specialists:

Arzu Hajiyeva Partner, Tax & Law
Tel: +994 (12) 490 7020
Email: [email protected]

Hidayat Azimov
Head of Corporate Law, Tax & Law
Tel: +994 (12) 490 7020
Email: [email protected]

Zaur Gurbanov
Manager, Tax & Law
Tel: +994 (12) 490 7020
Email: [email protected]

 

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This publication has been carefully prepared, but it necessarily contains information in summary form and is therefore intended for general guidance only, and is not intended to be a substitute for detailed research or the exercise of professional judgment. EY can accept no responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication. On any specific matter, reference should be made to the appropriate adviser.

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Categories: Tax & Legal