Progress has so far been “elusive” for Azerbaijan in its efforts to diversify the economy away from a dependence on oil and gas, and it must press a fight against corruption to improve the business climate, the International Monetary Fund said.
See “Types of commercial legal entities” in this report from PWC
Continued weakness in oil prices is projected to cause the gross domestic product (GDP) to contract by 1.0% in 2016 before recovering to 1.0% growth in 2017 as oil prices revive.
Azerbaijan’s high economic growth has been attributable to large and growing oil and gas exports, but some non-export sectors also featured double-digit growth, including construction, banking, and real estate.
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Azerbaijan.
The Corporate Tax Rate in Azerbaijan stands at 20 percent. Corporate Tax Rate in Azerbaijan averaged 21.58 percent from 2004 until 2015, reaching an all time high of 25 percent in 2004 and a record low of 20 percent in 2010. Corporate Tax Rate in Azerbaijan is reported by...
Domestic enterprises and PEs of non-residents are subject to profit tax at the flat rate of 20%.
The Personal Income Tax Rate in Azerbaijan stands at 25 percent. Personal Income Tax Rate in Azerbaijan averaged 31 percent from 2006 until 2015, reaching an all time high of 35 percent in 2007 and a record low of 25 percent in 2013. Personal Income Tax Rate in Azerbaijan...
Detailed description of taxes on individual income in Azerbaijan
The Sales Tax Rate in Azerbaijan stands at 18 percent.