The Tax Code of the Republic of Azerbaijan

Article 202. Procedure for determining the average annual value of the property of an enterprise
202.0. For taxation purposes, the average annual value of an enterprise’s property (with exception of automobile transport means) shall be calculated in the following way:
202.0.1. The residual value of enterprise property (with exception of transport means) for the start (cost remained after deduction from the residual value, fixed by the end of the previous tax year, of depreciation cost calculated for this year) and end of reporting year shall be summed and divided by two. When calculating theaverage annual residual valueof the enterprise property, gainsarisingfrom the revaluationof fixed assets (equipment) (positive differenceresulting fromrevaluation)is not included.
202.0.2. If enterprise was established or became a taxpayer of assessed tax within a accounting year, the residual value of its property (with exception of automobile transport means) for the balance of the date of establishment or becoming liable to payment of assessed tax and the end of reporting period shall be summed, divided by 24 and multiplied by the number of month following the month when enterprise was establishedor became a taxpayer of assessed tax until the end of the year.
202.0.3. If enterprise is liquidated during the accounting year or is a simplified taxpayer, the residual value of its assets (excluding vehicles) by the beginning of the year and the date of liquidation or registration as a simplified taxpayer shall be summed, divided by 24 and multiplied by the number of months from the beginning of the year before the month of liquidation of the enterprise or registration as a simplified taxpayer.
Chapter XIV. Tax on land
Article 203. Tax on land
203.1. The land tax shall be calculated in the form of fixed payment for land area independent from the results of economic activity of land owners and users.
203.2. Resident and non-resident physical persons, as well as Azerbaijani and foreign enterprises, shall be registered after obtaining documents proving their right to own or use land plots. Natural persons and municipal enterprises shall be registered at municipalities, other enterprises- in the tax authority.