BAKU, Azerbaijan, August 28. The Republic of
Azerbaijan participated in the fifth plenary session of the
Intergovernmental Negotiating Committee for the Preparation of the
United Nations Framework Convention on International Tax
Cooperation.
This was reported by the State Tax Service under the Ministry of
Economy.
Meanwhile, it is reported that Azerbaijan was represented at the
meeting by Jeyhun Ismayilov, a member of the Organization for
Economic Cooperation and Development (OECD) expert group and deputy
head of the Main Directorate for International Taxation and Tax
Monitoring of the State Tax Service under the Ministry of
Economy.
The meeting addressed issues related to the equitable allocation
of taxing rights among states, combating illicit financial flows
and harmful tax practices, as well as strengthening the
institutional capacity of developing countries.
During the negotiations, preliminary draft protocols on the
taxation of cross-border income, including income from digital
services, as well as on the prevention and resolution of tax
disputes, were also reviewed. Throughout the discussions, Jayhun
Ismayilov emphasized the importance of developing practical and
applicable rules, eliminating double taxation, and providing
effective technical support to developing countries.
“The development of a new international system will enable
developing countries to participate in shaping global tax rules,
protect their tax rights, reduce the risks of double taxation,
improve the effectiveness of transfer pricing, and strengthen tax
administration,” the information said.
