Azerbaijan Reduces Branch Profit Tax to 5% and Other Amendments for 2025
Several Amendments to the Azerbaijan Tax Code were approved on 27 December 2024. Some of the main amendments are summarized as follows:
- The tax rate on the net profit of a branch or permanent establishment in Azerbaijan transferred to a non-resident parent is reduced from 10% to 5%;
- Transfer pricing penalties are amended:
- the penalty for failing to submit transfer pricing reports or submittin…