of September 30, 2020 No. 365
About approval of "Accounting treatment for cash and making of cash transactions at taxpayers"
For the purpose of ensuring application of the Law of the Azerbaijan Republic "About introduction of amendments to the Tax Code of the Azerbaijan Republic" of November 30, 2018 No. 1356-VQD and subitem 1.1.11 of the Presidential decree of the Azerbaijan Republic "About modification of the Presidential decree of the Azerbaijan Republic of August 30, 2000 No. 393 "About application of the Law of the Azerbaijan Republic "About approval, entry into force of the Tax Code of the Azerbaijan Republic and the questions of legal regulation connected with it" and the Tax Code of the Azerbaijan Republic approved by this Law" of December 20, 2018 the No. 414 Cabinet of Ministers of the Republic DECIDES:
1. Approve "Accounting treatment for cash and making of cash transactions at taxpayers" it (is applied).
2. Changes can be made to this Resolution according to the Item 2.6-1 "Regulations on Procedure for Preparation and Acceptance of Regulatory Legal Acts of Executive Bodies", No. 772 approved by the Presidential decree of the Azerbaijan Republic of August 24, 2002.
Prime Minister of the Azerbaijan Republic
Approved by the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of September 30, 2020, No. 365
1.1. This Procedure No. 1356-VQD "About introduction of amendments to the Tax Code of the Azerbaijan Republic" and subitem 1.1.11 of the Presidential decree of the Azerbaijan Republic of December 20, 2018 No. 414 "About modification of the Presidential decree of the Azerbaijan Republic of August 30, 2000 No. 393 "About application of the Law of the Azerbaijan Republic "About approval, entry into force of the Tax Code of the Azerbaijan Republic and the questions of legal regulation connected with it" and the Tax Code of the Azerbaijan Republic approved by this Law" is developed for the purpose of ensuring application of the Law of the Azerbaijan Republic of November 30, 2018 and regulates accounting treatment for cash and making of cash transactions at taxpayers.
1.2. This Procedure does not extend to the Central Bank of the Azerbaijan Republic, the organizations financed from the government budget and credit institutions.
1.3. Terms in this Provision are used in the sense determined by the operating regulatory legal acts of the Azerbaijan Republic.
2.1. Purpose of the money withdrawn from the bank account is determined by appointments, specified in the checkbook used for receipt of cash and also in the payment order of bank (on purchase of goods and services, salary payment and the payments equated to it etc.).
2.2. The cash withdrawn by taxpayers from bank accounts, and received from other sources is spent after their receipt in cash desk according to the procedure, established by this Procedure, with indication of in the payment order (Appendix No. 1) appointments.
2.3. Cash in cash desk of the taxpayer is credited from the money received from provision of goods (works, services), the money spent from bank accounts, loans from the founder and other persons, return of the granted loans (including the means issued to advance holders), the advance payments received for provision of goods (works, services), the payments made based on judgments, return of excessively paid money to working personnel and other sources. In the cash payment order which is drawn up on noted money purpose of money is specified.
2.4. In case of money withdrawal from the bank account by the cash person authorized by the taxpayer, or the individual entrepreneur, money is credited on the same day in cash desk by the taxpayer with execution of the cash receipt order. The cash amount reflected in the cash receipt order, withdrawn from the bank account by cash, shall correspond to the amount specified in back of the check used for money withdrawal and the statement from the bank account.
2.5. In case of expenditure from cash desk of money, person receiving money shall, in addition to signing of the cash payment order does in the order mark about receipt of this amount. The payment documents attached to the cash payment order are signed respectively by the head of the taxpayer, the individual entrepreneur, the chief accountant or their authorized representatives, and also the treasurer (or person to whom this obligation is assigned) and payees.
2.6. Cash (advance payment) from cash desk of the taxpayer is issued to advance holders for the term of no more than 5 (five) working days (except for traveling expenses). Total amount of the money provided to advance holders during calendar month is limited to the limits specified in article 3 of the Law of the Azerbaijan Republic "About non-cash payments" (except for the total amount of the money transferred to advance holders for purchase of the goods specified in article 3.5 of this Law, and also tax payment, customs duties and charges and receipts of money in the bank account. On the received advance payments in time specified in issue documents, but no later than 5 (five) working days or in the last day of this term advance holders submit the expense report in accounts department (Appendix No. 2) about their expenditure. Return of the money transferred to the advance holder can be required without adherence to deadline. If return of money without adherence to deadline is not required, the remaining balance of money returns to cash desk in the last day of the term specified in account documentation.
2.7. The electronic invoice, receipts, acts of purchase, electronic acts of purchase, acts of acceptance confirming purchase of goods (acceptance of works or services) and payment of money for the spent part of money, and other supporting documents are attached to the expense report of the advance holder.
2.8. The transferred sent and unspent money returns to cash desk of the taxpayer no later than 3 (three) working days after the termination of term of business trip with submission of the expense report.
2.9. If the individual entrepreneur intends to use money, for personal reasons, this money withdrawn from the bank account by cash at first will be credited in cash desk of the entrepreneur and the cash payment order on receipt of cash for the activities which are not connected with economic activities is constituted.
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