Tax Services

• Choose a tax-efficient ownership, management and operations structure
• Analysis of inbound and outbound investments
• Application of double tax treaties
• Claiming tax incentives prescribed in the relevant double tax treaty

• Review the compliance obligations
• Improve the company's tax "health" by reducing the risk of imposition of additional taxes and penalties in the course of a future tax audit
• Minimize the tax burden through identification of material tax risk
• Identify tax saving opportunities which may decrease your effective tax rate
• Minimize potential disagreement with the tax authorities

• Develop and implement a tax strategy
• Tax risk management
• A system of tax accounting and control

• Streamline and simplify your business structure
• Centralization of functions and their outsourcing to outside organizations
• Sale of assets and business segament
• Management of tax costs

• Review of income of an individual, declared and withheld at the source, such as rent income, dividends, interest, royalties etc., as well as exempted income
• Preparation of letter of confirmation (statement), summarizing the information on the income source and taxes withheld at the source

• Individual tax planning including international tax advice and compliance assistance
• Outbound assignments overseas
• Tax effective structuring of remuneration packages
• Development of long-term incentive plans as well as corporate pension plans from HR, tax and legal perspectives

• Prepare / localize / update transfer pricing documentation for all types of controlled transactions
• Prepare benchmarking studies and monitoring reports and CbCR (country by country reports)
• Transfer-pricing diagnostics
• Review and justification of allocation keys of the general and administrative expenses / low value adding services

• Carrying out pre-acquisition or pre-sale tax due-diligence;
• Advise on necessary restructuring and solutions on resolving tax issues and ensuring tax efficient deal structuring and pre-completion guidance
• Tax analysis of sale/purchase agreements and other deal documentation
• Provision of post-deal integration services
• Assistance with implementation

• Managing and responding to investigations by tax authorities, audits, information requests and settlement discussions
• Building “defense strategies” for your structuring and operations
• Assistance with administrative appeals and appeals before the Board of Appeal under the President of the Republic of Azerbaijan and negotiations with the tax authorizes
• Cross-border dispute resolution via litigation and litigation support, mutual agreement procedures (MAPs), arbitration, and alternative dispute resolution methods

• Assistance in the initial set-up of the accounting books and records
• Day-to-day bookkeeping and preparation of the monthly and annual accounts
• Preparation/review of annual financial statements.
• Preparation of accounting reports 
• Support for year-end closing and statutory reporting
• Preparation of  annual statutory financial statements, liaising with auditors 
• Conversion of US GAAP/IFRS Trial Balance to local GAAP
• Preparation of the chart of accounts
• Bank transfers, cash management
• Other services, e.g. reconstruction of accounting records, preparation of accounting records on the basis of other sources, etc.

• Initial set-up of the payroll system
• Payroll calculation, including calculation of benefits, deductions, sickness and maternity benefits
• Preparation of payroll reports for local accounting entry and HQ management
• Preparation and submission of mandatory payroll reports
• Assistance in transferring payments of wages and social security contributions
• Correspondence with the tax authorities
• Review of payroll processed
• Registration and deregistration of individuals
• Preparation or review of employment contracts and orders
• Payroll accounting
• Preparation of internal internal regulations related to payroll
• Ensuring compliance with relevant labor law legislation

• Calculation, preparation and filing of all below statutory returns:
  • Corporate Income Tax
  • Value Added Tax
  • Withholding Tax compliance services
  • Personal Income Tax for employees and individuals 
  • Social Insurance Contribution
  • Property Tax
  • Road Tax
  • Excise tax
  • Other taxes
• Tax budgeting
• Tax management (establishment and control)
• Preparation for upcoming tax audit
• Implementation of tax technology tools
• Financial analysis of business operation
• Visibility of tax compliance process
• Optimization of the existing tax system 
• Registration/deregistration with the state authorities for different taxes
• Issuance of VAT invoice and e-act of acceptance
• Tax training for your personnel
• Support in ERP and tax accounting software implementation
• Tax Monitoring

• International assignees management designed to reduce costs of tax payments
• Pre-assignment planning, conducting of pre- and post-departure tax consultations
• Azerbaijan individual tax return completion
• Repatriation assistance and on-going support in locations throughout the world
• Tax registration/deregistration of physical persons
• Obtaining of tax receipts

• Diagnosis of the current state of business and tax operations, accounting system and processes, tax system, quality of document flow and control, and providing gap analysis report and Impact of change in tax strategy
• Identifying/ Prioritizing focus areas
• Designing target model/ Blueprint
• Preparing accounting procedures and policies
• Preparation of Control Frameworks
• Actual implementation and monitoring - establishment of effective accounting and tax system, providing technology supported solutions, Trainings and education
• Performance measurement with periodic monitoring reports through our proven technology (T3M)

Optimize your data assets. Make faster and better decisions. Work more efficiently and save money. Find new sources of revenue. Capitalize on the untapped business intelligence you already own.

Data Analysis and Automation Services cover:

• Standard Workflow Automation, Robotic Process Automation
  Client, Product, Segment, Branch Profitability Analysis
• Product Cost Analysis, Pricing Analysis
• Non-active Client Analysis
• Sales Basket Analysis and Modelling
• Bad Debt Analysis
• Budgeting, Cost  Accounting, Responsibility Accounting 
• Other Tailored Reports

Advantages of the Data Analysis and Automation

• You focus on Your core  business
• You reduce Your software cost (development, licenses, maintenance, etc.)
• You save recruitment costs and time
• You receive high quality service from a global provider
• Automated approach with minimal human factor