Legal Updates

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March 2020 An up-to-the-minute guide to developments in the legislation of the Republic of Azerbaijan

Legal updates

In this issue, we would like to bring ► Deadline for submission of tax reports and payment of taxes has to your attention a brief overview been extended of the following: The government has extended the deadline for submission of tax reports ► Deadline for submission of tax and payment of taxes. The statutory limitation for submission of the reports and payment of taxes reports on taxes and payment thereof has been postponed till 6 April has been extended 2020. ► The initial stages of the The decision to extend the deadline has been made because of the introduction of mandatory prolongation of non-working days due to the outbreak of COVID-19. Below health insurance have been are the types of tax in question: combined • Corporate income tax

• Property tax of legal entities • Personal income tax (submitted by individuals) • Excise tax, value added tax, road and mining taxes, simplified tax on cash withdrawals, income tax on winnings (prizes) for February 2020 • Simplified withholding tax return for persons providing immovable property for February 2020

Furthermore, deadline for payment of income tax calculated by private notaries for February and the withholding tax for February in connection with employment to the state budget will be 6 April 2020.

For your reference, please see the respective link: https://www.taxes.gov.az/az/post/1009

► The initial stages of the introduction of mandatory health insurance have been combined

The Cabinet of Ministers has also introduced changes to the Decree on "Sequence of implementation of compulsory health insurance in the regions of the country". Thus, the implementation of the first and the second stage of compulsory health insurance in particular regions has been combined and will now commence in July to September. Originally, compulsory health insurance in the following regions - Ganja and Naftalan, Gazakh, Agstafa, Tovuz, Shamkir, Gadabay, Dashkasan, Samukh, Goygol, Goranboy, Khojaly, Beylagan, Khojavend, Agjabadi, Lachin, Barda, Fizuli, Agdam, Tartar and Kalbajar - was due to begin in April-June.

Legislative alert | March 2020

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