Foreign income of an Azerbaijani resident: 14% with credit for tax paid abroad
According to the tax service, a resident's foreign income is taxed at the rates of art. 101.2 of the Tax Code, stated as 14% in a reply of February 3, 2026; the tax is reduced by tax withheld abroad (art. 127). Gains on selling shares are taxed at 14% on the difference between sale and purchase price, with a return due by March 31.
What this changes in the calculation
For an Azerbaijani resident with an apartment in Georgia, rent and sale gains are, per the tax service's replies, taxed at 14% with credit for Georgian tax; there is no direct guidance on property abroad.
- Source
- taxes.gov.az
- Status
- verified
- Published