The Tax Code of the Republic of Azerbaijan

Article 200. Procedure for the calculation and payment of the property tax of physical persons
200.1. The property tax shall be calculated on a buildingsaccording toeach square meter of the property area.
For premises owned by natural persons, the property tax shall be calculated by the municipality of the area at which they are located.
200.2. Property tax on a building that has several owners shall be calculated, in accordance with the area of each owner in that building, on the basis of procedure established in Article 200.1. of this Code.
200.3. Tax authorities shall calculate tax on water and air transport facilities, as of January 1 of each year, on the basis of the relevant information submitted by authorities registering such facilities. In the absence of such registration the owner of this property each year before January 1 shall provide to relevant authorities documents that include all necessary data (year of manufacturing, price at the moment of purchasing and technical characteristics) on all water and air transport owned.
Tax on a water or air transport facility that has several owners shall be collected from the person who has registered such facility under his own name.
200.4. Municipalities shall submit tax payment notifications to taxpayers not later than August 1.
200.5. The annual tax amounts shall be paid, in equal portions, before September 15 and before November 15. If property tax was not paid by the previous owner of property it shall be paid by new owner within timeframes stipulated by this Article.
200.6. The tax on the property of natural persons shall be paid into local (municipal) budget.
200.7. The property tax on automobile transport means shall be paid on the date of their registration, re-registration or implementation of annual technical inspection. In the absence of documents, confirming the tax payment, registration, re-registration and technical inspection shall not be conducted.
Article 201. Calculation and payment of the property tax of enterprises
201.1. The average annual value of the property of enterprises shall, for taxation purposes, be determined pursuant to Article 202 of this Code.
201.1.1. If the property of the enterprise is insured for an amount exceeding its depreciated cost, property tax is calculated using property tax rates established under Article 14.3.4 of this Code. If the value of the insured property is set taking into account the market price, then the provisions of Article 202 of this Code are applied.
201.2. The tax period on property tax shall be established as calendar year.
201.3. Property taxpayers shall pay 20 percent of annual tax amount not later than 15 of the second month of each quarter.
Legal persons, who were not the payers of property tax in previous accounting year, who are the payers of such tax in the following year, as well as newly established and payers of property tax, no later than by 15 of the second month of each end of quarter, in which the property was purchased, shall make the current tax payments at the rate of 20 percent of the annual amount of property tax, which shall be subject to calculated for such property.
Current tax payments on property tax are applicable to tax amount, withheld from the taxpayer for the tax year.
201.4. The amount of tax that shall be paid to the state budget for accounting period shall be determined with increasing value from the start of year with consideration of previous payments.
In the event of failure to pay current taxes within timeframe established under Article 201.3 of this Code, for each day of delay of the tax payment the interest shall be charged to taxpayer in accordance with procedures specified in Article 59 of this Code.
Current tax payment on property tax upon expiry of reporting year shall be recalculated and if the amount of current tax is higher than the tax amount in the report, the exceeded amount of current tax and relevant amount of interest shall be reduced.
201.5. Enterprise shall submit to the tax authority the annual declaration on property tax no later than March 31 of the year following the reporting year.
A taxpayer-legal person shall, within 30 days from the date of adoption of decision on its liquidation, and in case when such date is not mentioned for a permanent representative office of a non-resident, from the date of legalization of such decision at representatives of the Republic of Azerbaijan in foreign countries (at consular offices of other countries representing interests of the Republic of Azerbaijan), submit property tax declaration to tax authority, and in this case accounting period shall cover the period from the beginning of the tax year till the date when the business activity of the taxpayer was terminated
201.6. Taxes on annual return shall be paid before the submission deadline for such returns. The amount of calculated tax shall be deducted from income, which shall not be limited by Article 199 of this Code.
201.7. The property tax of enterprises shall be paid into the state budget.
201.8. The property tax payment by enterprises for automobile transport means shall be made to the state budget at the date established for their registration, re-registration or technical inspection. If tax is not paid in timely manner the interest shall be charged pursuant to the provisions of this Code.
In the absence of documents, confirming the tax payment, registration, re-registration and technical inspection shall not be conducted.