Baku, Azerbaijan, May 16
Trend:
The National Confederation of Entrepreneurs Organizations of the Azerbaijan Republic (AEC) in cooperation with EY organized two training sessions for entrepreneurs, entitled Practical Aspects of Applying Double Tax Treaties in Azerbaijan: challenges faced by taxpayers in 2017-2018 after the introduction of new regulations and Business and Assets Valuation, on 10-11 May 2018.
The training was led by EY Tax Senior Manager Ulvi Yusifov and EY TAS Senior Jahangir Safarov.
On the first day of the training the presentations and discussions covered tax treaties, their structure and practical aspects of applying them. Further, training participants’ interest was addressed in greater detail by citing examples from recent cases.
On the second day of the training session, Business and Assets Valuation, Jahangir focused on the methods and approaches applied for valuation of businesses. He continued with a detailed focus on the Market, Income and Cost approaches.
Ulvi commented: “The training was successful in view of the participants’ interest, positive comments and the professional approach of AEC. I hope this cooperation between EY Azerbaijan and AEC will be long-lasting and productive.”
EY Azerbaijan was delighted at the cooperation with AEC and would like to thank all participants for their effective involvement!
About AEC
AEC is a non-profit, self-governing public union aimed at social objectives to strengthen the business environment in Azerbaijan. It coordinates on a voluntary basis the activities of both legal and physical entities undertaking entrepreneurial activity irrespective of their business type and legal structure (excluding state funded organizations). It helps them to find new partners domestically and overseas, protects their legal and economic rights, and fosters a healthy business climate.
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and economies around the world. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients, and for our communities.
EY works together with companies across the CIS and assists them in realizing their business goals. 4,500 professionals work at 20 CIS offices (in Baku, Moscow, St. Petersburg, Novosibirsk, Kazan, Krasnodar, Rostov-on-Don, Togliatti, Vladivostok, Almaty, Astana, Bishkek, Kyiv, Tashkent, Tbilisi, Minsk, and other locations).
EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
EY in Azerbaijan
EY made a major commitment to the development of Azerbaijan and the region by opening the office in Baku 24 years ago. Today, in addition to being the leading audit and consulting firm in Azerbaijan, we are the leading professional services firm in the region. As a result of our experience and competence, we have been able to assist both domestic and international companies as well as state-owned entities to develop and manage the challenges of the international economy.
