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Legal Acts

Legal Act: List of state-owned companies and enterprises, in addition to business entities with a stateshare, to be transferred to the management of Azerbaijan Investment Holding

Authority: President of the Republic of Azerbaijan

Effective date: 06 November 2020

Source: https://president.az/articles/45523 

According to the list, the following enterprises are transferred to the management of Azerbaijan İnvestment Holding:

  1. State Oil Company of the Republic of Azerbaijan
  2. "Azerbaijan Airlines" CJSC
  3. "Azerbaijan Railways" CJSC
  4. "Azerbaijan Caspian Shipping Company" CJSC
  5. “Baku Metro” CJSC
  6. “AzerGold” CJSC
  7. “Azərenerji” OJSC
  8. “Azersu” OJSC
  9. “Azerishig” OJSC
  10. Azerbaijan Amelioration and Water Resources OJSC
  11. “Azerkosmos” OJSC
  12. “İnternational Bank of Azerbaijan” OJSC
  13. “Azer-Turk Bank” OJSC
  14. “Azeristiliktajhizat” OJSC
  15. “Temiz Sheher” OJSC
  16. The following structures subordinate to the Ministry of Transport, Communications and High Technologies of the Republic of Azerbaijan
  • “Baku International Sea Trade Port” CJSC
  • “Aztelekom” LLC
  • “Azerbaijan International Telecom” (AzInTelecom)” LLC
  • “Azerpocht” LLC
  • “Baku Telephone Communication” LLC
  1. State Insurance Commercial Company of the Republic of Azerbaijan

Legal Act: Decision on the approval of the "Rules for assessing the efficiency of tax and customs benefits"

Authority: CabMin

Enactment Date: 04 November 2020

Effective date: 01 January 2021

Source: https://nk.gov.az/az/document/4897/

 

The rules determine the valuation of the efficiency of existing or proposed benefits and exemptions in the tax and customs areas.

Through a Centralized Electronic System database of benefits and exemptions provided in the tax and customs departments, it is planned to assess the effectiveness of existing or proposed benefits in the tax and customs units from (i) a budgetary, (ii) economic and (iii) social stances.

Abovementioned assessment will consist of 3 stages:

  1. Data collection in a Centralized System of the Electronic Register of Benefits
  1. Evaluation of the effectiveness of benefits and analysis of their results through a Centralized System of the Electronic Register of Benefits
  1. Consideration of the results of the assessment in the main directions of budgetary policy for the coming years and the preparation of draft regulatory legal acts

 

Legal Act: Decision on approval of the "Procedure for providing social assistance to low-income Azerbaijanis living abroad"

Authority: CabMin

Enactment Date: 04 November 2020

Effective date: 01 January 2021

Sourcehttps://nk.gov.az/az/document/4900/

 

The Rule determines the mechanism for providing social assistance to low-income Azerbaijanis living abroad, taking into account the principles of international law and the national legislation of the relevant foreign state.

According to the Rule, a low-income Azerbaijani living abroad is an Azerbaijani whose total income is lower than the average per capita wage in the country of residence and who has lived in this country for more than 182 days.

The following persons have the right to receive social aid:

  • persons under whose guardianship are Azerbaijanis under the age of 18, whose both parents have deceased
  • in case of damage caused during emergencies, war and military operations and not receiving the necessary aid from insurance and other means to compensate for the damage caused in the country of residence
  • in case it is necessary to transport a deceased close relative to the Republic of Azerbaijan

Applications will be carried out through the "Electronic Government" portal in electronic form and aid will be effectuated with a transfer to the appropriate bank account.

The upper limit of social aid is AZN 3,000.

 

Legal Act: Decision on approval of the "Procedure for the sale of goods with an export record"

Authority: CabMin

Effective date: 17 November 2020

Source: https://nk.gov.az/az/document/4911/

The Procedure establish the terms of cooperation between the manufacturer of products produced on the territory of the Republic of Azerbaijan and intended for export, and professional exporters in the field of non-oil products.

The Procedure reflects the following:

  • requirements for the person (manufacturer) selling with an export record
  • requirements for a person (exporter) exporting goods purchased with an export record
  • control over persons and operations not related to the sale of goods with export record
  • measures of control over the process of exporting goods with export record

The Procedure applies to all manufacturers and exporters who produce non-oil products in the country, with the exception of persons and operations defined in section 4 of the Procedure.

 

Legal Act: Order on measures to assess and eliminate damage caused to the civilian population, state property, including infrastructure facilities, as well as to business entities as a result of the aggression of the Armed Forces of the Republic of Armenia on the territory of the Republic of Azerbaijan, starting from 27 September 2020

Authority: President of the Republic of Azerbaijan

Effective date: 07 November 2020

Source: https://president.az/articles/45635

In order to ensure the assessment and elimination of damage, the State Commission was established and its structure was approved. The state commission must prepare its proposals on the financial resources necessary for the complete restoration of damaged facilities and for carrying out repair and construction work.

  

Legal Act: Decision on amendements to the Decision “On the amounts to be paid to attorneys, translators, specialists and experts”

Authority: CabMin

Effective date: 21 November 2020

Source: https://nk.gov.az/az/document/4919/

According to the amendments, the amounts will be paid on the basis of a reasoned decision of the body conducting the criminal proceedings (previously, by court decision) in accordance with the statement submitted by the attorney.

10 Dec, 2020