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LAW OF THE AZERBAIJAN REPUBLIC

of April 11, 2025 No. 173-VIIQD

About introduction of amendments to the Law of the Azerbaijan Republic "About credit bureaus"

Millie Majlis of the Azerbaijan Republic, being guided by Items 10 and 27 of part I of article 94 of the Constitution of the Azerbaijan Republic, decides:

Make the following changes to the Law of the Azerbaijan Republic "About credit bureaus" (Collection of the legislation of the Azerbaijan Republic, 2016, No. 12, Article 1997 (volume I); 2024, No. 5 (book I), Article 489, No. 11, Article 1193; The Law of the Azerbaijan Republic of March 18, 2025 No. 161-VIIGD):

1. Under Article 12:

1.1. In Article 12.1 of the word "The Legal Entities Performing Purchase and Sale of Goods on Credit, and the Physical Persons Performing Business Activity without Creation of the Legal Entity (if Turnover of Goods, Implemented on Credit within Calendar Year, Exceeds 100 000 Manats) and the Credit" to replace with the word "Credit";

1.2. To exclude the words "others, except for persons specified in article 12.1 of this Law" from Article 12.2.3.

2. To exclude the words "and persons performing purchase and sale of goods on credit, the stipulated in Article 12.1 presents of the Law" from Article 15.5.

3. To exclude the words "and persons performing purchase and sale of goods on credit" from Article 22.6.

4. Repeal Article 23.3-2.

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