The general principles of taxation in the Republic of Azerbaijan are regulated by the Tax Code of Azerbaijan. It sets out the framework and establishes the following taxes: profit tax, property tax, mining tax, excise tax, simplified tax, value added tax (VAT), income tax, land tax and road tax.
Taxes
The Tax Code consists of rules for determining payment and collection of taxes, the rights and responsibilities of taxpayers and state tax authorities, tax control forms and methods, liability for tax law violations and procedures for lodging complaints against unlawful actions committed by tax agencies and officials. More information on fiscal regime can be found in section 3 of the 2014 EITI Report.
Licenses
All oil, gas and mining activities in Azerbaijan are regulated by Product Sharing Agreements (PSA). Together with the main pipeline agreements, these PSAs are enacted once approved by the National Assembly of Azerbaijan. These agreements regulate the accounting and tax regimes of the operating companies, contractors and subcontractors’ activities. For the first time, a register showing all PSAs are included in the EITI 2014 Report, showing 17 active oil and gas PSAs and one active gold PSA. These PSAs are also available on the Azeri EITI webpage.