CCIAF Tax, Legal, and Finance Committee held a webinar

CCIAF Tax, Legal, and Finance Committee held a webinar

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On the 28th of January 2021, CCIAF Tax, Legal, and Finance Committee held a webinar. The webinar was open to the public and more than 50 company directors and representatives joined the meeting. Chair of the Committee Arzu Hajiyeva, Deputy Chairs Sharaf Asgarova, Nazim Hajiyev, and guest speaker Leyla Salahova, Tax Manager at the EY Azerbaijan, informed participants about the implementation of mandatory medical insurance, CbCR rules application in Azerbaijan, and updates on the finance sector.

Sharaf Asgarova opened the meeting and she talked about the implementation of mandatory medical insurance (MMI), the main obligations of the MMI’s parties, and the calculation of the MMI premium. Moreover, she informed guests about the arrangement of the MMI and the provision of medical services under the mandatory medical insurance.

Arzu Hajiyeva spoke about the compulsory health insurance payments, tax regulations. She also touched upon obligations regarding the payment of the insurance fees and submissions of the reports.

Leyla Salahova briefed attendees about the requirements for submission of the Country by Country Report (CbCR) in Azerbaijan, practical aspects of the preparation of the CbC Report. The participants were also informed about the current trends on transfer pricing (TP) and TP Audits focus areas.

Nazim Hajiyev shared information on updates on the finance sector, problems with the correspondent bank accounts. He talked about the supportive measures for the banks as well.

The interactive webinar ended with the Q&A session.

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