On 20 December 2018, the Azerbaijan President Ilham Aliyev issued a decree for the enactment of Law No. 1356-VQD of 30 November 2018, which includes several amendments to the Tax Code. Some of the key changes include:
- The transfer pricing rules are extended to cover all transactions between related parties, regardless of amount, including for transactions between a permanent establishment of a non-resident and related non-residents and for loans concluded between related parties;
- A thin cap…