Doing Business in Azerbaijan 2009 - Azerbaijan Export ...

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202 DOING BUSINESS IN AZERBAIJAN Annex 5: Summary of some of characteristics relating to Azerbaijani taxes, continued from the previous page. • facilities that are used for environmental preservation, fire protection or civil defence purposes; • pipelines carrying products, rail and motorways, communication, power transmission lines, irrigation system facilities etc. For the physical individuals buildings owned by resident and non-resident individuals in the Republic of Azerbaijan, plus watercraft and aircraft owned by resident individuals, for the legal entities carrying out business activities in Azerbaijan through its permanent establishment – annual average value of only those fixed assets which are related to the PE All persons and legal entities having assets (buildings or their part, fixed assets etc.) in ownership. Assets Tax. Different rates depend on type of assets. 0.1% of the property with the values exceeding AZN 5,000—for individuals. 1% of the value of fixed assets - for legal entities; Other rates are applicable for possession of watercrafts and air crafts. • Land plots of residential area of common use; • national border zones and land designated for defence purposes etc Land plots granted for use or ownership. All persons owning or using land in Azerbaijan. Land Tax. Different rates depend on location and type of land plots. Commercial minerals extracted from subsoil strata in the territory of Azerbaijan (including Azerbaijan sector of the Caspian Sea). Mining Tax (Royalty) 3% - 26% All persons engaged in extraction of commercial minerals from subsoil strata (including Azerbaijan sector of the Caspian Sea) Vehicles that belong to foreign states, or owned or used by persons in the territory of the Republic of Azerbaijan and enter the territory of the Republic of Azerbaijan Non-resident enterprises and nonresident individuals that own motor vehicles that enter the territory of Azerbaijan and use this territory for passenger and cargo transport; also persons owning or using motorcars, buses or other motor vehicles in Azerbaijan Enterprises and individuals with a quarterly turnover not exceeding certain limit (currently 22,500 manats – around 28,125 USD) Road Tax. Different rates depending on type and capacity of the vehicle, number of seats, distance travelled etc. • Exempt from payments of VAT, assets and profit taxes. Total proceeds realized by a taxpayer from sale of goods or services and from activities nonrelated to sales. Simplified System Tax 4% for taxpayers operating in Baku and 2% for taxpayers operating in other regions
Annex 6: Major products of agriculture statistics Crop production Cereals and Vegetables Sunflower for Years dried pulses Cotton Tobacco Potatoes Vegetables and melons Sugar beets seed All categories of farms 1985 1297.9 787.8 60.0 219.7 872.2 48.6 - - 1990 1413.6 542.9 52.9 185.2 856.2 67.5 - 0.6 1995 921.4 274.1 11.7 155.5 424.1 41.9 28.1 0.7 1996 1018.3 274.4 11.2 214.6 570.0 52.1 46.1 0.6 1997 1127.1 124.6 15.1 223.4 495.4 57.1 33.7 1.1 1998 950.3 112.9 14.6 312.5 502.3 78.8 41.4 1.0 1999 1098.3 96.8 8.6 394.1 670.8 206.3 42.2 2.3 2000 1540.2 91.5 17.3 469.0 780.8 261.0 46.7 3.7 2001 2016.1 83.6 12.7 605.8 916.4 290.9 41.3 5.1 2002 2195.9 80.4 3.3 694.9 974.6 330.3 115.8 10.8 2003 2057.8 99.6 4.7 769.0 1046.3 356.7 128.9 18.3 2004 2158.2 135.7 6.5 930.4 1076.2 355.3 56.8 14.3 2005 2126.7 196.6 7.1 1083.1 1127.3 363.8 36.6 16.1 2006 2078.9 130.1 4.8 999.3 1186.4 362.1 167.2 15.9 2007 2004.4 100.1 2.9 1037.3 1227.3 417.6 141.9 13.4 2008 2498.3 55.4 2.5 1077.1 1228.3 407.7 190.7 16.5 ANNEXES Agricultural enterprises and other organizations 1985 1281.6 787.8 60.0 106.9 648.4 31.3 - - 1990 1396.3 542.9 52.9 55.3 479.3 37.7 - 0.6 1995 888.3 269.4 11.7 8.7 71.8 16.1 27.4 0.5 continued on the next page 203
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DOING BUSINESS IN AZERBAIJAN 2009 A
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“During recent five years, the ec
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OVERVIEW OF THE REGIONS 127 Abshero
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12 DOING BUSINESS IN AZERBAIJAN Coa
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14 DOING BUSINESS IN AZERBAIJAN wit
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16 DOING BUSINESS IN AZERBAIJAN Aze
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18 DOING BUSINESS IN AZERBAIJAN Nob
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Heydar Aliyev, President of the Rep
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22 DOING BUSINESS IN AZERBAIJAN “
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24 DOING BUSINESS IN AZERBAIJAN For
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26 DOING BUSINESS IN AZERBAIJAN
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2009 DOING BUSINESS IN AZERBAIJAN 2
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Abundant resources Azerbaijan is ri
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The Government will continue the po
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places in the ranking, the biggest
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of documents produced and executed
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the JSC only to the extent of their
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esponsible for its obligations. Lik
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• Ownership and other property ri
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government agency entrusted to exer
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labour duties when no notice is req
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Overtime and work during days-off (
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Azerbaijani law recognizes several
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Currency regulation & repatriation
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Residents can export hard currency
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on cars, buses and trucks depending
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Accounting The new Accounting Law 2
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As mentioned above separate chart o
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utility models, trademarks, and geo
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Rights to computer programs, databa
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elating to administrative offences;
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• an award contravenes legislatio
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economy such as transport, communic
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Interest and penalties Breach* Fine
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of Azer baijan’s total reserves).
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17, 2003. Following that the Presid
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whatsoever in respect of their oil
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Minerals & mining Apart from major
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The Japanese company Tepsco and Fin
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Production and consumption of elect
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Agriculture Production of Azerbaija
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While in 1991 only 39 thousands hec
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Peak production of a number of prod
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Telecoms & IT Azerbaijani telecommu
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facilities of this satellite and ha
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Construction Legislation Pursuant t
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As market research in the field sho
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There are also opportunities for le
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agencies and investors in transport
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Business visits account for the maj
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During the year total bank assets i
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Significant works continued in 2008
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It should be noted that since 1993
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Disclosure Requirements The Civil C
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BSE turnover mln. AZN SECTORS REVIE
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Aran economic region Aran is centra
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asphalt, mineral waters, spinning a
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The region is rich in brick, bank s
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chemical industry locally. There ar
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Daglig Shirvan Sheki-Zagatala Lanka
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139 Ilan Dag mountain. Nakhchivan r
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142 DOING BUSINESS IN AZERBAIJAN Li
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144 DOING BUSINESS IN AZERBAIJAN Cu
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146 DOING BUSINESS IN AZERBAIJAN as
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148 DOING BUSINESS IN AZERBAIJAN ob
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Page 169 and 170: 2009 DOING BUSINESS IN AZERBAIJAN 1
Page 171 and 172: Tel.: (+99412) 4985094 Fax: (+99412
Page 173 and 174: Tel.: (+99412)4901323; Fax:(+99412)
Page 175 and 176: Tel: + 420 246032422; Fax: + 420 24
Page 177 and 178: Tel.: (73172) 24 15 81; Fax: (73172
Page 179 and 180: Tel.: +966(1)4192382; Fax: +966(1)4
Page 181 and 182: Tel.: (99412) 4901234; Fax: (99412)
Page 183 and 184: Consultant services Tel.: (99412) 4
Page 185: 185 Face Pattern of the Momine Khat
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Page 210: This publication prepared by: AZERB
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