BAKU, Azerbaijan, April 22. Residents of
Azerbaijan, if they carry out activities in Türkiye, are taxed both
in Azerbaijan and Türkiye, and the essence of the abolition of
double taxation is that a resident of Azerbaijan, when taxed in
Türkiye, submits a document on tax payment in Azerbaijan, and on
its basis, this tax is not levied on the entrepreneur in the
country, the expert economist Eldeniz Amirov told Trend
reports.
“The amount of tax paid should not exceed the amount payable in
Azerbaijan. That is, it would be wrong to say that this decision
will have a serious impact on online trade in some form,” he
said.
“I don’t think there will be a serious cheapening of goods
imported into our country through Trendyol. Double taxation
adversely affects, in one form or another, interstate capital and
the movement of technology. The abolition of double taxation
removes these obstacles. This creates a favorable environment for
foreign investors. Azerbaijan has already canceled double taxation
with 57 countries. I think it was also very necessary for the
brotherly country,” Amirov added.
To note, the double taxation between Azerbaijan and Türkiye has
been abolished concerning income taxes.
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