Legal updates
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Legal updates
In this issue, you can see brief overview of the recent amendments to the legislation covering amendments to the Tax Code, Amendments to the "Law on cashless settlements", Amendments to the "Law on Public Procurement", minimum monthly salary, changes in special quarantine regime, amendments to the Civil Code, amendments to the Constitutional law "On normative legal acts".
Amendments to the Tax Code
On 29 December 2021 amendments the Tax Code were published. Please find attached presentation summarizing the most significant changes. The changes became effective from 1 January 2022. Certain articles will be effective at other dates which are specifically indicated in the presentation.
Amendments to the “Law on cashless settlements”
On 29 December 2021, Amendments to the Law of the Republic of Azerbaijan “On cashless settlements” (hereinafter referred as to the “Amendments”) was published.
Amendments envisage the following new types of payment that should be carried out in cashless form:
- Retail sales with amounts over AZN 4,000 per transaction (excluding automobiles)
- Payments for services provided by medical enterprises with amounts over AZN 500 per transaction
- Specialized car sales, including sales via commission and trade organizations
- Payouts of winning amounts and payments for participation in the lotteries and betting in the amounts over AZN 3,000.
Amendment came into force on 1 January 2022.
Learn more by viewing the attached files.
Legal updates
In this issue, you can see brief overview of the recent amendments to the legislation covering amendments to the Tax Code, Amendments to the "Law on cashless settlements", Amendments to the "Law on Public Procurement", minimum monthly salary, changes in special quarantine regime, amendments to the Civil Code, amendments to the Constitutional law "On normative legal acts".Amendments to the Tax CodeOn 29 December 2021 amendments the Tax Code were published. Please find attached presentation summarizing the most significant changes. The changes became effective from 1 January 2022. Certain articles will be effective at other dates which are specifically indicated in the presentation.Amendments to the “Law on cashless settlements”On 29 December 2021, Amendments to the Law of the Republic of Azerbaijan “On cashless settlements” (hereinafter referred as to the “Amendments”) was published.Amendments envisage the following new types of payment that should be carried out in cashless form:Retail sales with amounts over AZN 4,000 per transaction (excluding automobiles)Payments for services provided by medical enterprises with amounts over AZN 500 per transactionSpecialized car sales, including sales via commission and trade organizationsPayouts of winning amounts and payments for participation in the lotteries and betting in the amounts over AZN 3,000.Amendment came into force on 1 January 2022. Learn more by viewing the attached files.
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