Azerbaijani President Ilham Aliyev has approved amendments to the Tax Code allowing private companies in the non-oil and gas sector to use funds held in their VAT deposit accounts to pay mandatory state social insurance contributions. The law, signed on July 13, will take effect on January 1, 2027. The new mechanism will remain in force for four years. Until now, funds held in VAT deposit accounts have been used mainly to meet value-added t...

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