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If the entrepreneur made a payment to a foreign company in euros, should they pay income source tax (WHT), and what is the amount?
If the entrepreneur made a payment to a foreign company in euros, should they pay income source tax (WHT), and what is the amount?
Please be informed that, according to Article 125.1 of the Tax Code, tax is withheld from the general income of a non-resident, which is determined as income obtained from Azerbaijani sources, without deducting expenses related to the non-resident's permanent establishment in the Republic of Azerbaijan.
Income obtained from Azerbaijani sources refers to the income mentioned in Article 13.2.16 of the Tax Code.
The withholding tax on the income of a non-resident is regulated by Article 125.1 of the Tax Code. According to the provisions of Article 125.1.5 of the Tax Code, tax is withheld at a rate of 10% from other income of the non-resident obtained from performing works or providing services, which is determined as income from Azerbaijani sources under Article 13.2.16 of the Tax Code and not related to the non-resident’s permanent establishment in the Republic of Azerbaijan, without deducting expenses at the source.
Please be informed that, according to Article 125.1 of the Tax Code, tax is withheld from the general income of a non-resident, which is determined as income obtained from Azerbaijani sources, without deducting expenses related to the non-resident's permanent establishment in the Republic of Azerbaijan.
Income obtained from Azerbaijani sources refers to the income mentioned in Article 13.2.16 of the Tax Code.
The withholding tax on the income of a non-resident is regulated by Article 125.1 of the Tax Code. According to the provisions of Article 125.1.5 of the Tax Code, tax is withheld at a rate of 10% from other income of the non-resident obtained from performing works or providing services, which is determined as income from Azerbaijani sources under Article 13.2.16 of the Tax Code and not related to the non-resident’s permanent establishment in the Republic of Azerbaijan, without deducting expenses at the source.