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LAW OF THE AZERBAIJAN REPUBLIC

of December 22, 2023 No. 1059-VIQD

About introduction of amendments to the Law of the Azerbaijan Republic "About financial accounting"

Millie Majlis of the Azerbaijan Republic being guided by Item 27 parts one of article 94 of the Constitution of the Azerbaijan Republic decides:

Add the Law of the Azerbaijan Republic "About financial accounting" (Collection of the legislation of the Azerbaijan Republic, 2004, No. 8, Article 605; 2008, No. 12, Article 1049; 2010, No. 4, Articles 265, 276; 2012, No. 6, of Article 512, of 529, of 2013, No. 1, Article 18, of 2015, No. 7, Article 819, of 2016, No. 10, of Article 1601, of 1609, No. 11, Article 1754, of 2017, No. 3, Article 333, of 2018, No. 6, Article 1179, of 2019, No. 1, Article 28, No. 4, Article 599, No. 5, Article 797, No. 8, Article 1365, of 2021, No. 1, Article 6, No. 12, Article 1298, 2023, No. 4, article 453, No. 8 (the I book), Article 1105) to add with Articles 3.1-1 and 3.1-2 of the following content:

"3.1-1. In the following subjects of financial accounting financial accounting shall be conducted electronically:

3.1-1.1. in subjects of big business and in subjects of medium business according to the stages determined by body (organization) determined by relevant organ of the executive authority;

3.1-1.2. at the taxpayers acting within the laws on the Section of products, the bulk export distribution line and other similar agreements or the laws, including the laws on oil and gas, export-oriented oil and gas activities;

3.1-1.3. in public legal entities who shall publish the annual financial reporting or consolidated financial statements according to this Law.

3.1-2. Article 3.1-1.3 of this Law does not extend to the Central bank of the Azerbaijan Republic".

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