The Tax Code of the Republic of Azerbaijan

Article 160. Provision of enterprise
160.1. Provision of all assets of the enterprise or independent subdivision of the enterprise by one taxpayer to the other taxpayer within one operation shall not be considered the taxable operation.
160.2. In the case indicated in article 160.1 of this Code the person who purchased or accepted the enterprise (the independent subdivision of the enterprise) shall accept all rights and obligations related with this enterprise of the person who provided the enterprise. This provision shall not relieve the person who provided the enterprise (independent subdivision of the enterprise) from the payment of taxes, interests or financial sanctions associated with previous periods.
160.3. This article shall only be applied if parties providing and purchasing (accepting) the enterprise (independent subdivision of the enterprise) inform the tax authority in writing on application of provisions of this Article not later than within 10 days from the provision of enterprise.
Article 161. Value of a Taxable Operation
161.1. The value of a taxable operation (including other taxes, fees and other fees, except for the road tax (without the consideration of VAT) shall be determined on the basis of the amount of the fee which is paid or payable to taxpayer by customer or any other person.
161.2. If taxpayer receives, or is entitled to receive, goods, work or services in exchange for a taxable consideration, the market value (without the consideration of VAT) of such goods, works and services (including any duties, taxes and other fees) shall be included in the value of the taxable operation.
161.3. Pursuant to Articles 159.4., 159.5. and 159.6. Code, the amount of the taxable operation shall be equal to the cost of such goods, work or services (including any taxes and payable duties), without the consideration of VAT. The cost of taxable operation shall be determined in accordance with the procedure established in article 159 of this Code. This procedure shall be applied during the cancellation of registration in accordance with article 159.6. of this Code.