PwC Azerbaijan Contributes to OECD BEPS Project Discussion in Azerbaijan

On 14 November 2023, Gunel Sadiyeva, Tax Director at PwC Azerbaijan and Chairperson of the Tax, Customs, and Legal Affairs Working Group of AKH, led a meeting dedicated to the OECD Base Erosion and Profit Shifting (BEPS) Project's Inclusive Framework in Azerbaijan. The discussion delved into exploring the implications and applications of the project in our region. The meeting, sponsored by PwC Azerbaijan, brought together tax authorities, industry professionals, and experts. Key speakers included Jeyhun Ismayilov, Deputy Head of International Taxation and Tax Monitoring Department of the State Tax Service, and Emil Hasanov, Head of the Transfer Pricing and E-Commerce Control Division of the State Tax Service. The agenda covered crucial topics such as the taxation mechanism of Controlled Foreign Companies, Advance Pricing Agreements, Multilateral Convention on the Multilateral Instrument, and the Two-Pillar Solution for digital economy tax challenges. A big thank you to all participants in this discussion, which aims to shape the future of taxation in Azerbaijan. An extremely positive aspect is the commitment of the State Tax Service of the Republic of Azerbaijan on a path towards OECD membership and implementation of the international tax principles in Azerbaijan. Source: Trend News Agency