The Tax Code of the Republic of Azerbaijan

Article 151. Current tax payments
151.1. Legal and natural persons shall be obliged to make current payments to the budget no later than the fifteenth day of the month following each quarter. Enterprises and organizations, which are owned by municipalities, shall pay taxes to local (municipal) budget. The amount of each payment shall be 1/4 of the tax amount calculated in tax year. Private notaries must pay the tax, calculated according to the rate established in Article 101.4 of this Code, to the state budget not later than the 20^th of next month.
151.2. The taxpayer may determine the amounts of current tax payments by multiplying the volume of his income in relevant quarter to coefficient of tax weight in the gross income for previous year (with no consideration of amounts to be deducted from income).
151.3. In this, the taxpayer selects annually until April 15 one of the two modes for calculation of the amount of payable taxes within the year and informs the tax authority. In the event that a taxpayer has chosen the method provided by Article 151.2 hereof for the determination of the amount of current tax payments, within 15 days after the end of each quarter, he shall submit a certificate to tax authorities about current tax amount calculated on the profit or income, otherwise the tax authority shall apply the method provided by Article 151.1 hereof. In case, when the taxpayer will not inform about mode applied for calculation of the amount of current tax payments, the tax authority will apply the first method and such method shall not be changed until the end of tax year.
151.4. Current tax payments shall be the amounts of tax withheld from the taxpayer within tax year.
151.5.Current tax payments not applying in previous tax year, but acting in the next tax year of the legal and physical entities (further - taxpayers previously not active), carrying out business activity without establishment of the legal entity, and also new established and acting taxpayers are to be determined shall be implemented as follows:
151.5.1. Current tax payments on income tax or profit tax of taxpayers, previously not active shall be calculated on quarterly basis, within the calendar year on the basis of tax rates stipulated under this Code.
151.5.2. The amount of current tax payments can not be less than 75 percent of the amount of the amount of profit or income tax.
151.5.3. Taxpayers not involved previously activities, within 15 days upon the end of quarter shall perform current tax payment and provide to the tax authority the note on current tax amount, calculated within the quarter from the income or profit.
151.5.4. If current tax payments are not paid by the taxpayer, previously not active, within timeframe defined under Article 151.5.3 of this Code, for unpaid current tax payments the interest shall be paid for each extended day of payment in accordance with procedures stipulated under Article 59 of this Code.
151.5.5. The interests established under Article 151.5.4 of this Code shall be applied towards current tax payment for delayed taxes, revealed as a result of tax inspection, conducted for entire period of payment but less than for a year.
151.5.6. Current tax payments are assigned to the amount of tax withheld from the taxpayer, not previously involved in activities, over tax year.
151.5.7. Ifpayers of simplified tax are payers ofprofit tax orincometax, the amount of current tax payment is defined in accordance with this Code.
151.5.8. In the event is taxpayers, not previously involved in activities did not submit the relevant note, stipulated under Articles 16.2 and 151.5.3 of this Code, the tax authority shall calculate the amount of current tax payments on the basis of similar information on taxes in accordance with Article 67 of this Code and shall submit the relevant notification to the taxpayer.
151.6. Upon the ending of reporting period, current tax payments shall be re-calculated and if in this the calculated amount of current tax exceeds the tax amount indicated in the report, the exceeding amount of current tax as well as interests accrued shall be decreased.