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PROVISION OF INFORMATION ON CUSTOMERS OF IMPORTED GOODS AND STORAGE DETAILS OF IMPORTED GOODS

According to the new amendment to the Tax Code (TC 16.1.11-11), in order to strengthen tax control over the activities of persons carrying out import operations, as well as persons importing goods for third parties, the taxpayers (except the taxpayers operating in the oil and gas sector or in the public sector) should submit to the tax authorities information on customers of imported goods, as well as places of storage of imported goods in advance.

Morover, in according to Article 57.5 of the TC, for not providing information or providing distorted information financial sactions in the amount of the invoice value of imported goods or the value of distorted part (relatively 2% for micro-entities and 5% for other persons) should be applied.

According to the decision of the Board of the Ministry of Economy of the Republic of Azerbaijan dated March 14, 2022, "Information form on goods to be imported by other taxpayers, except for taxpayers operating in the oil and gas sector or public sector" was approved and entered into force on 8 April 2022.

Please refer to the following link for approved new information form:  https://e-qanun.az/framework/49384