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The Central Bank of Azerbaijan has amended the rules for calculating bank capital and its adequacy

The Central Bank of Azerbaijan has amended the rules for calculating bank capital and its adequacy The Board of the Central Bank of Azerbaijan (CBA) has amended the “Rules for Calculating Bank Capital and Its Adequacy,” which were approved by its

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How are monthly limits for cash operations determined?

How are monthly limits for cash operations determined? Expert commentary by Anar Bayramov. Prior to the latest amendment, Article 3.3 of the Law “On Cashless Settlements” stipulated—taking into account the provisions of Article 3.5—that payments

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The next stage in cashless payments: What will "Az-QR" offer, and to whom?

The next stage in cashless payments: What will "Az-QR" offer, and to whom? "The introduction of QR code payments in the trade and service sectors should be seen as a positive development. It can also be regarded as the next stage in

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Adjustment of relations with the budget when the deductible VAT exceeds the calculated VAT

Adjustment of relations with the budget when the deductible VAT exceeds the calculated VAT Commentary by Tax Expert Jalə Abbasova. Let us first clarify the concepts of input VAT (Value Added Tax) and output VAT. Input VAT refers to the amount of VAT

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