taxes
VAT in 2026: High Rates Don't Hinder Economic Growth
In 2026, VAT remains a key source of budget revenue in more than 170 countries. Hungary has the highest standard rate at 27%, but the tax level does not determine investment attractiveness.
Azerbaijan Introduces New Conditions for Tax Breaks for Large Businesses in Industrial Parks
The Milli Majlis adopted in the first reading amendments to the Tax Code setting additional requirements for large entrepreneurs — residents of industrial and technological parks — to qualify for tax breaks.
Azerbaijan Passes First Reading of Tax Breaks for Startups
Azerbaijan's Milli Majlis has adopted in the first reading amendments to the Tax and Migration Codes providing tax breaks for startups and investors.
Azerbaijan to Raise Income Tax Rates from January 1
New personal income tax rates on salaries come into force in Azerbaijan on January 1. For incomes up to 2,500 manats, the rate will be 5%, with a progressive scale for higher incomes.
Azerbaijan's Tax Revenues Up 9.2% in 8 Months
In January-August 2026, Azerbaijan's state budget received 12.6 billion manats in taxes, exceeding the forecast by 900 million manats.
Azerbaijan Registers Zoho, Zoom, and OpenAI for Tax Purposes
Azerbaijan's State Tax Service has registered three international companies—Zoho, Zoom, and OpenAI—for VAT purposes, effective September 1.
Azerbaijan Introduces Digital Economy Tax from September 1
Starting September 1, Azerbaijan will enforce a new digital economy taxation mechanism, requiring foreign e-commerce platforms with annual turnover exceeding $10,000 to register with tax authorities.
Azerbaijan to Require Foreign E-commerce Companies to Register with Tax Authorities
Starting August 23, foreign companies engaged in e-commerce in Azerbaijan must register for tax purposes if their annual turnover exceeds $10,000.
Azerbaijan Registers Four Foreign Digital Companies for Tax Purposes
Azerbaijan's State Tax Service has registered Xsolla, Valve, Formula One Digital Media, and Cleverbridge for VAT payment as part of digital services tax reform.
Azerbaijan Returns 20 Million Manats in VAT for Cashless Real Estate Purchases
In January-July of this year, Azerbaijan returned 20 million 16.3 thousand manats in VAT to individuals for cashless real estate purchases.
Court Sentences Blogger Husein Hasanov in Absentia to Four Years in Prison
The Presnensky District Court of Moscow sentenced blogger Husein Hasanov in absentia to four years in a general-regime colony and a fine of 1 million rubles in a money laundering case.
Prosecutor Seeks Six Years in Prison for Blogger Gasanov
The state prosecution is asking for a six-year prison sentence for blogger Huseyn Gasanov in a case involving the legalization of funds.
Kazakhstan Aims to Reduce Shadow Economy to 13.8% of GDP by 2028
The Kazakh government approved a plan to cut the shadow economy from 16.7% in 2025 to 13.8% by 2028 through digitalization and AI.