Azerbaijan Sets New Terms For Tobacco Products Importers' Registration
Date
5/24/2024 6:09:28 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 24. Azerbaijan sets termsfor the registration of business entities importing tobaccoproducts, Trend reports.
The matter was addressed during today's session of the MilliMajlis (Parliament) of Azerbaijan through an amendment to the"Tobacco and Tobacco Products" law.
The amendment outlines the following conditions:
- A requirement for tobacco product production activity to becarried out within the territory of Azerbaijan for a minimum of oneyear;
- The absence of overdue obligations on taxes and othermandatory payments in Azerbaijan, along with the absence of acurrent determination as a risky taxpayer according to the Tax Codeof the Republic of Azerbaijan;
- The possession of documentation confirming ownership, usage,or leasing rights of the premises where entrepreneurial activitiesare conducted, duly registered with tax authorities if theentrepreneurship's scope involves economic activities;
- The cancellation of registration for business entities engagedin tobacco product imports in the event of violating registrationconditions stipulated by this Law, except in instances where theyhold no overdue obligations on taxes and other obligatory paymentsin the Republic of Azerbaijan, as well as under circumstancesspecified in Article 26.1 of the Law of the Republic of Azerbaijan"On Licenses and Permits."
After discussion, the amendment was put to vote and adopted inthe third reading.
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