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Azerbaijan New Lawer Profit TaxJanuary 2010 From 1.1.2010 the new corporate profit tax in Azerbaijan is 20%, compared to the previous 22% rate. The 18%V.A.T. rate remains unchanged. Azerbaijan Reduced Profit Tax RateMay 2009 The Azerbaijan government proposed a reduction of the corporate profit tax, from the current 22% to 20%, effective from 1.01.2010. The government also announced in December 2008 to reduce the V.A.T. rate from 18% to 17%. The amendments have to be approved by the Azerbaijan parliment. |
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