16:48 - 26.11.2024
November 26, Fineko/abc.az. Azerbaijan is negotiating the state registration of several international e-commerce platforms for their electronic tax registration for VAT purposes.
ABC.AZ reports that State Tax Service’s deputy head Samira Musayeva said about this at event "Cooperation with business associations and entrepreneurs, its results".
She added that Apple Distribution International Limited became the first company in this field, its registration for VAT purposes comes into force on December 1, 2024: "According to the provisions of the Tax Code, starting from this date, banks making payments to Apple Distribution International Limited for services will not charge VAT at the expense of funds customers.
She added that there are two main directions in the field of e-commerce - the continuation of local production and trade through e-commerce, as well as taxation of global e-commerce platforms: "Apple Distribution International Limited was recently registered electronically as an e-commerce entity in Azerbaijan. Our preliminary analysis shows that a large volume of e-commerce transactions are carried out in the country through this company. Discussions with other international e-commerce platforms will also be introduced. In the coming days, we’ll see the results of the changes made to the Tax Code several years ago regarding the taxation of global electronic service providers in the country."
At that, the State Tax Service is ready to take support measures to encourage local market participants to e-commerce.
