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Is it possible to obtain a code for the leased (or rented) property?
Is it possible to obtain a code for the leased (or rented) property?
Is it possible to obtain a facility code with a residential lease agreement? What is the minimum rental amount we can indicate in the contract?
According to the State Tax Service under the Ministry of Economy, the activity mentioned in the inquiry is considered entrepreneurial activity under Article 13.2.37 of the Tax Code. Individuals wishing to engage in this activity must register with the tax authority at their place of residence by submitting the "Application for Registration of an Individual Entrepreneur" in accordance with Articles 33 and 34 of the Tax Code. A copy of the identity document must be attached to the application.
However, based on the provisions of Article 33.2 of the Tax Code, the business entity (facility) where the individual entrepreneur carries out their activity must be registered with the tax authority of the area where the facility is located (the facility is assigned a code). To this end, the “Application for Tax Registration of the Branch, Representative Office, or Other Business Facility of a Taxpayer” must be submitted, along with documents confirming the address where the activity will be carried out (such as a document confirming ownership, lease agreement, or other documents prescribed by law). Upon registration of the facility, the taxpayer is issued a certificate containing a 15-digit code.
According to Article 124.4 of the Tax Code, for the purposes of taxation in the Republic of Azerbaijan, the monthly rental amount for real estate (excluding residential property not used for entrepreneurial purposes) is determined based on market value in accordance with Article 14 of the Tax Code.
Is it possible to obtain a facility code with a residential lease agreement? What is the minimum rental amount we can indicate in the contract?
According to the State Tax Service under the Ministry of Economy, the activity mentioned in the inquiry is considered entrepreneurial activity under Article 13.2.37 of the Tax Code. Individuals wishing to engage in this activity must register with the tax authority at their place of residence by submitting the "Application for Registration of an Individual Entrepreneur" in accordance with Articles 33 and 34 of the Tax Code. A copy of the identity document must be attached to the application.
However, based on the provisions of Article 33.2 of the Tax Code, the business entity (facility) where the individual entrepreneur carries out their activity must be registered with the tax authority of the area where the facility is located (the facility is assigned a code). To this end, the “Application for Tax Registration of the Branch, Representative Office, or Other Business Facility of a Taxpayer” must be submitted, along with documents confirming the address where the activity will be carried out (such as a document confirming ownership, lease agreement, or other documents prescribed by law). Upon registration of the facility, the taxpayer is issued a certificate containing a 15-digit code.
According to Article 124.4 of the Tax Code, for the purposes of taxation in the Republic of Azerbaijan, the monthly rental amount for real estate (excluding residential property not used for entrepreneurial purposes) is determined based on market value in accordance with Article 14 of the Tax Code.