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Legal Updates 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 Contacts We hope that you will find this overview helpful. For more detailed information, EY Assurance | Tax | Transactions | Advisory please contact the following specialists: About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights Arzu Hajiyeva and quality services we deliver help build trust Partner, Tax & Law and confidence in the capital markets and in economies the world over. We develop Tel: +994 (12) 490 7020 outstanding leaders who team to deliver on our Email: [email protected] promises to all of our stakeholders. In so doing, we play a critical role in building a better Zaur Gurbanov working world for our people, for our clients and Director, Tax & Law for our communities. EY works together with companies across the Tel: +994 (12) 490 7020 CIS and assists them in realizing their business Email: [email protected] goals. 4,500 professionals work at 20 CIS offices (in Moscow, St. Petersburg, Novosibirsk, Ulvi Yusifov Kazan, Togliatti, Vladivostok, Yuzhno- Senior Manager, Tax & Law Sakhalinsk, Almaty, Astana, Bishkek, Baku, Kyiv, Tashkent, Tbilisi, Minsk and other Tel: +994 (12) 490 7020 locations). Email: [email protected] EY refers to the global organization, and may refer to one or more, of the member firms of Hidayat Azimov Ernst & Young Global Limited, each of which is a Head of Law, Tax & Law separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, Tel: +994 (12) 490 7020 does not provide services to clients. For more Email: [email protected] information about our organization, please visit ey.com. © 2019 Ernst & Young (CIS) B.V. All Rights Reserved. This publication has been carefully prepared, but it necessarily contains information in summary form and is therefore intended for general guidance only, Contacts and is not intended to be a substitute for detailed research or the exercise Almaty Minsk of professional judgment. EY can accept no responsibility for loss occasioned to +7 (727) 258 5960 +375 (17) 209 4535 any person acting or refraining from action as a result of any material in this Astana Moscow publication. On any specific matter, reference should be made to the appropriate +7 (7172) 58 0400 +7 (495) 755 9700 adviser. Baku St. Petersburg +994 (12) 490 7020 +7 (812) 703 7800 Kazan Tashkent +7 (843) 567 3333 +998 (71) 140 6482 Kyiv Tbilisi +380 (44) 490 3000 +995 (32) 43 9375 .
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