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LAW OF THE AZERBAIJAN REPUBLIC

of December 10, 2024 No. 100-VIIQD

About introduction of amendments to the Law of the Azerbaijan Republic "About clearing settlements"

Millie Majlis of the Azerbaijan Republic, being guided by Item 15 of part I of article 94 of the Constitution of the Azerbaijan Republic, decides:

Article 1. In article 3.3 of the Law of the Azerbaijan Republic "About clearing settlements" (Collection of the legislation of the Azerbaijan Republic, 2016, No. 12, Article 2053 (volume I) of the word "thirty thousand manats" shall be replaced with words "2 percent from turnover (including VAT) of the goods, works, services realized in the previous calendar month" and to add Article with the second offer of the following content:

"In the case provided by the first offer of this Article if 2 percent of turnover (including VAT) on goods, the works, services realized in the previous calendar month make less than thirty thousand manats, payments by calculations for the total amount exceeding thirty thousand manats during calendar month if turnover (including VAT) on goods, the works and services realized in the previous calendar month exceeds fifty thousand manats, payments by calculations for the total amount exceeding fifty thousand manats during calendar month shall be performed only via bank transfer.

Article 2. This Law becomes effective since January 1, 2025.

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