The income tax treaty between Azerbaijan and Israel entered into force on 28 December 2017. The treaty, signed 13 December 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers Azerbaijani tax on profit of legal persons and income tax on physical persons. It covers Israeli income tax and company tax (including tax on capital gains and taxes imposed under the Petroleum Profits Taxation Law), and tax imposed on gains from the alienation of property according to the Real Estate Taxation Law. Residence If a company is considered resident in both Contracting States, the...