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11 Jul

Micro and small entrepreneurship entities are exempt from mandatory audit

On Amendments to the Civil Code of the Republic of Azerbaijan, the Tax Code of the Republic of Azerbaijan, the Housing Code of the Republic of Azerbaijan and the Customs Code of the Republic of Azerbaijan, signed by the President of the Republic of Azerbaijan Mr. Ilham Aliyev on May 3, 2019 and effective from May 24, 2019 "According to Article 1.3 of the Law of the Republic of Azerbaijan, the words" (except for micro and small entrepreneurship subjects) "after the words" society "have been added to the first sentence of Article 91.4 of the Civil Code of the Republic of Azerbaijan.According to the previous version of Article 91.4 of the Civil Code, the limited liability company had to involve an independent auditor every year to verify the accuracy of the annual financial report (external audit).Otherwise, this circumstance was considered as forced evasion from the case and resulted in an administrative penalty under Article 464 of the Code of Administrative Offenses of the Republic of Azerbaijan. According to the same Artic
11 Jul

A new electronic platform for financial institutions and clients is being created in Azerbaijan

A new electronic platform for financial institutions and clients is being created in Azerbaijan. Establishment of "ASAN Finance" portal will reduce the expenses of users by 4.3 times, and the time spent by 6 times.This was stated by Soltan Bayramov, Head of the Department of Strategic Development and Communication of the E-Government Development Center, at
11 Jul

In the Labor Contracts Procedures - MODIFIED

"The rules for entering into the employment contract notice and its electronic information system via an enhanced electronic signature, a form of information sent to the employer for the registration of the employment contract notice, as well as the provision of real-time information on the registered employment agreement notice".The decision was made by Prime Minister Novruz Mammadov, FED.az reports.According to the amendment, the Ministry of Taxes will be informed with the employer on the registration of the employment contract.At the same time, for the first time, the employment contract will be registered in the electronic information system by the Ministry of Taxes, electr