On 31 May 2017, the Azerbaijan parliament approved the law for the ratification of the pending income tax treaty with Denmark. The treaty, signed 17 February 2017, is the first of its kind between the two countries, although the 1986 tax treaty between Denmark and the former Soviet Union had applied in respect of Azerbaijan, but was terminated.
Taxes Covered
The treaty covers Azerbaijani tax on profit of legal persons and income tax on natural persons. It covers Danish income tax to the s…