Amendments to Azerbaijan's Tax Code have been reportedly approved regarding the required accounting method based on enterprise size. This includes that micro enterprises may adopt the cash or accrual methods of accounting, while small, medium, and large enterprises must use the accrual method. The amendments are effective from 1 January 2022 for medium and large enterprises and from 1 January 2023 for micro and small enterprises. Taxpayers failing to use the allowed accounting method accordin…