AmCham Tax & Customs Committee's November Meeting

On November 22, 2023, AmCham Tax & Customs Committee held its monthly meeting dedicated to the “Implementation of the Base Erosion and Profit Shifting (BEPS) project in Azerbaijan”. Invited guest speakers from the Centre for Tax Policy and Administration of Organisation for Economic Co-operation and Development (OECD) were Mr. Andrew Auerbach and Mr. Tomas Balco, Senior Tax Advisors of the Global Relations and Development Division, and Ms. Sara Shurmur, Advisor of BEPS and Developing Countries Unit.

The meeting was opened with the welcome speech of Ms. Narmin Aslanova, Chairperson of AmCham Tax and Customs Committee. Highlighting the importance of the topic for businesses operating in Azerbaijan, Ms. Aslanova introduced the guest speakers to the participants.

Afterwards, guest experts from OECD made presentations and explained in detail the procedures that need to be followed in order to ensure compliance with the OECD/G20 Inclusive Framework on BEPS, which has been recently signed by Azerbaijan and is pending ratification. Following the comprehensive presentations, an extended Q&A session was carried out, whereby relevant practical questions raised by the participants were addressed in kind by the experts, both from the OECD and the State Tax Service of Azerbaijan.

At the end of the meeting, Ms. Aslanova expressed her gratitude both to the speakers and participants of the meeting for their valuable contributions.

 

Date
22 November 2023
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