(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 29. The number of
countries with which Azerbaijan has automatic exchange of financial
and country-related reports, has increased, State Tax Service (STS)
under the Ministry of Economy of Azerbaijan told .
The automatic exchange of financial statements has been
established with 116 countries, while the exchange of
country-by-country reports has been arranged with 91 countries.
Azerbaijan joined the agreements on the automatic exchange of
financial reporting data in 2017, and the multilateral agreement on
the exchange of country-by-country reporting – in 2021.
'At the initial stage, the number of countries engaged in the
automatic exchange of financial statements amounted to 90,
subsequently reaching 99. The exchange of country-specific reports
has initially been established with 89 countries,' the State Tax
Service said.
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