On 30 May 2014, the Azerbaijani parliament approved the law ratifying the tax treaty with Spain.
Taxes Covered
The treaty covers the following Spanish taxes:
- Individual income tax
- Corporation tax
- Non-resident income tax
- Wealth tax
- Local taxes on income and capital
The treaty covers the following Azerbaijani taxes:
- Individual income tax
- Profits tax
- Wealth tax
- Land tax
Withholding Tax Rates
- Dividends - 5% if the beneficial owner directly holds at least 25% of the paying company'…