Services

Tax Reporting

Effective tax reporting is critical to the successful functioning of any business. We take your tax reporting and compliance requirements seriously.

When you choose Nexia Azerbaijan, you will work with a team which is experienced in meeting the reporting requirements of the relevant tax authorities and in accordance with the tax authorities’ expectations we will complete and submit(where required) filings in advance of regulatory deadlines.

When deciding to establish a company in any country, expenses must first be calculated in order to determine the cost of doing business.

The main taxes for doing business in Azerbaijan are:

• Value Added Tax – applied on the value added to goods and services;
• Withholding Tax - tax levied on income (interest and dividends) from securities owned by a nonresident alien, as well as other income paid to nonresidents of a country;
• Corporate Income Tax – the difference between a corporate legal entity’s income and expenses deducted from income is the corporate profit.
• Personal Income Tax – tax is the amount an employer withholds from an employee’s wages and pays directly to the government budget.
• Property Tax – a tax paid on property owned by a legal entity;

The values of these taxes may vary from time to time and depending on the type of firm, business and industry. Also we understand that each organization has different tax compliance and reporting needs. We assess each client’s unique situation and recommend strategies that align with their business and personal financial goals. We tailor our services to help clients achieve their mission of high quality, lower-cost compliance, while reducing the inherent risks in compliance and reporting processes.

The preparation and filling of information returns can be a time – consuming process, with the potential for costly compliance errors. Our professionals can provide various levels of assistance aimed at reducing the operational burden and mitigating the risk of error. Assistance can be as basic as providing spreadsheet templates to facilitate completion of the forms to our complete co-sourcing model where Nexia Azerbaijan converts your raw data, migrates the data to the appropriate format, and files with the local taxing authority on your behalf. If you require tax reporting assistance, you can call our specialists and benefit from their expert local knowledge.

Our professionals’ technical and industry experience enables to evaluate business issues and provide practical approaches to your tax compliance requirements. Our qualified consultants provide regular consultations to many companies on the development, enhancement and implementation of information withholding and reporting regimes. We believe that our professionals are distinctly positioned to serve your tax information reporting needs.