Tax and legal advisory
When it comes to tax planning, clients need more than technical guidance from their service advisors. They need a firm that combines technical knowledge with a personal commitment to client service and a unique understanding of client needs. Baker Tilly Azerbaijan offers a distinct level of service and attention. When our clients explain their challenges, our professionals stop and listen. We use that information combined with our deep industry and technical experience to share meaningful insights and to craft tailored tax planning ideas. We have a broad range of tax and legal specialists who can provide support on an ongoing basis. This work will encompass consulting on various areas of law, including tax and international tax law, civil law, labor law, currency law, immigration law, and other applicable legislation. The advisory services will also include assistance to your organization during the tax and other audits by regulatory bodies based on agreed terms in advance.
Our firm has a strong and proven experience in the field of onsite tax audits where our assistance to clients has led to a minimization or even a nullification of financial sanctions that the tax authorities were going to impose on our clients.
TAX SERVICES
1. Corporate and Individual Tax Advisory
Advisory on corporate and personal tax obligations based on the Tax Code, PSAs (Production Sharing Agreements), and HGAs (Host Government Agreements)
Guidance on tax efficiency and optimization for businesses and individuals
2. Tax Risk Management and Controversy
Audit support and dispute resolution
Tax authority inquiries and negotiation
Litigation support and representation in tax cases
3. Payroll and Employment Tax Services
Compliance with payroll taxes and reporting
Advisory on expatriate tax obligations
4. Tax Credits and Incentives Advisory
Assistance in identifying and applying for available tax credits
R&D credits, energy-efficient incentives, and other industry-specific credits
5. International Taxation Services
International Tax Compliance
- Filing and compliance with local and international tax requirements
- Support for cross-border reporting requirements
Controlled Foreign Corporation (CFC) Advisory
- Compliance with CFC rules and reporting
- Advisory on foreign subsidiary structures
Base Erosion and Profit Shifting (BEPS) Advisory
- Compliance with BEPS regulations
- Documentation and reporting under OECD guidelines
Double Tax Treaties and Withholding Tax Management
- Advisory on treaty benefits and withholding tax compliance
- Structuring for reduced withholding tax impacts
Permanent Establishment (PE) Advisory
- Assessment and planning to minimize PE exposure
- Compliance with local tax laws related to PEs
Foreign Tax Credit Planning
- Maximizing foreign tax credits and mitigating double taxation
6. Transfer Pricing
Development of transfer pricing documentation and policies
Strategic planning and analysis for intercompany pricing to ensure compliance and tax efficiency
7. International Tax Structuring Advisory Services
Advisory on international tax structuring, leveraging:
- Double Tax Treaties for cross-border tax optimization
- OECD guidelines to ensure international compliance
- BEPS action plans to address tax base erosion and profit shifting
- Pillar 1 and Pillar 2 solutions for digital economy taxation
8. Accounting and Compliance Services
Tax accounting and general bookkeeping
- Ongoing compliance with tax regulations and reporting
- IFRS-compliant accounting and bookkeeping
- Full tax compliance services, including filing and reporting
- Outsourcing solutions for accounting personnel
9. Tax and Legal Due Diligence
In-depth review and analysis of tax and legal compliance status
Identification of tax and legal liabilities and potential risks
Calculation of tax liabilities at a specific point in time
Determination of tax liabilities related to capital gains
10. Advance Tax Ruling Services
Detailed assessment of planned business operations for tax implications
Estimation of potential tax impacts and outcomes
Development of a tax timetable to ensure strategic alignment and timely compliance
11. Tax Analysis and Compliance Review Services
Review and reconciliation of accounting and bookkeeping records
Comprehensive recalculation of all types of tax liabilities
Identification of inconsistencies or irregularities in tax returns
Advisory on addressing and mitigating potential tax risks
Comprehensive tax compliance review and advisory
FATCA/CRS compliance review
