The Tax Code of the Republic of Azerbaijan

Article 76. Provision of information by banks and other credit organizations managing various banking activities
76.1. When revealed the facts of non-keeping by the taxpayer of profit and loss records in accordance with this Code, the making of the banking operations in the period of suspension of work, liquidation (loss) of accounting or reporting documents and also non-submission of the tax declarations within fixed periods or taxpayer's failure to provide the documents to officials of tax authorities in the course of conducting of tax inspection, failure to provide access to tax authorities to the territories or premises (except for apartments), and if requested by the relevant authorities of other states on the basis of the information exchange provisions of international treaties on taxation concluded by the Republic of Azerbaijan with other states, for receiving the information for tax purposes in respect of the person against whom this treaty is applied, in the banks of the Republic of Azerbaijan and the operations on these accounts, the tax authorities so that to determine the tax liability of the taxpayer shall have the right, upon sending written notice to the credit organization or person carrying out banking operations in accordance with the laws, to receive information on bank accounts and operations of the taxpayer (person) served by this bank.
76.2. Upon receipt of notification sent in the manner according to Article 76.1 of this Code, a credit institution or a person carrying out banking operations, in the form approved by the relevant executive authority, shall, within five working days send (transfer) to the account holder an official information on provision of the information specified in this notification to the tax authority and within 15 days submit the necessary information to the tax authority.
76.2-1. Banks and credit organizations engaged in certain types of banking operations, in accordance with the international agreements signed between Azerbaijan Republic and other countries, by the relevant executive authority must provide information on the financial operations carried out by legal entities and individuals of these countries on the territory of Azerbaijan Republic, to authorized bodies of these foreign states within the procedure and order, prescribed by the relevant executive authority.
76.3. Information on bank accounts or transactions, obtained in accordance with this Article, under the provisions of respective international treaty can be transferred to appropriate authorities of the other state. In other cases provision of the information about accounts or transactions to other authorities or citizens is not allowed.