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Azerbaijan Adjusts Rules on Deducting Non-Market Value Expenses for Retail, Construction, and Production Sectors

|Approved Changes|Azerbaijan
Azerbaijan

Amendments to Azerbaijan's Tax Code have been reportedly approved in relation to the rules on the deduction of expenses for goods, works, and services where the price differs from the market value. Existing rules generally provide that where the price paid for goods, works, and services exceeds the market value by more than 30% for the same or similar type, then the deductible expense is recalc…

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