News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
« Transfer Pricing »
 Key Highlights Of The 2nd Edition Of KSA Transfer Pricing Guidelines
 ITAT deletes Penalty since Assessee applied Transfer Pricing Provisions with Good faith and Due Diligence
 Change in transfer pricing regulations to help MNCs
 National High Speed Rail Corporation Limited, New Delhi, Delhi
 Deals of the day-Mergers and acquisitions September 3, 2019
 Transfer pricing documentation due by year-end
 Transfer pricing amendments – a step towards certainty
 key international tax and transfer pricing developments
 Transfer pricing methodology of MNCs under customs department lens
 MNCs now won't have to file CbC report in Indiaa
 Citing Supreme Court’s Vodafone order, Bombay HC rejects transfer pricing adjustment

EY Azerbaijan holds seminar on transfer pricinga
April, 15th 2017

EY Azerbaijan held the seminar dedicated to determination of transfer prices and regulations requirements for their application in Azerbaijan Apr. 11, 2017.

The speakers of the seminar were Zaur Gurbanov, EY tax senior manager and Najla Asadova, EY tax manager.

The presentations and discussions provided insights into definition and principles of transfer pricing and application of transfer prices in the world and CIS.

The seminar continued with a focus on replying to the question how to be ready for requirements regarding determination of transfer prices and regulations requirements for their application in Azerbaijan.

Seminar participants asked questions throughout the seminar and gave positive feedback about the presentation, showing appreciation for the work EY did as host of the event.

EY staff and Ulvi Yusifov, a head of International Treaties Division of the International Relations Department of the Ministry of Taxes of Azerbaijan, invited as guest were replying questions of the participants at the close of the seminar.

“The whole tax seminar was organized to a high quality, covering all the required explanations,” Tahmaz Rustamov, tax accountant at Pasha Holding, said. “I believe that the knowledge that I gain during the seminar will be very helpful in tax system formation of our company.”

“I would like to indicate that incorporation of a new definition of transfer price into the Tax Code has raised a number of questions in our company like in others,” said Farid Najafov, tax manager at Huawei Technologies Azerbaijan. “Especially, our participation at this presentation will be helpful insofar as the scope of our operations at arm’s length is considerable. I would like to thank EY, especially Arzu, Zaur and Najla, also to Ulvi Yusifov, a head of International the Treaties Division of International Relations Department of the Ministry of Taxes of Azerbaijan.”

EY was delighted to see all the participants at the seminar and would like to thank each of them for their enthusiastic participation.

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and economies around the world. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY works together with companies across the CIS and assists them in realizing their business goals. 5,000 professionals work at 20 CIS offices (in Moscow, St. Petersburg, Novosibirsk, Kazan, Krasnodar, Rostov-on-Don, Togliatti, Vladivostok, Almaty, Astana, Bishkek, Baku, Kyiv, Tashkent, Tbilisi, Minsk, and other locations).

EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit

EY made a major commitment to the development of Azerbaijan and the region by opening the office in Baku 22 years ago. Today, in addition to being the leading audit and consulting firm in Azerbaijan, we are the leading firm in the region. As a result of our experience and competence, we have been able to assist both domestic and international companies as well as state-owned entities to develop and manage the challenges of the international economy.

There are currently 170 people working in our Baku office that serve our clients in Azerbaijan. EY's strength in the Caspian Region and the firm's commitment of resources are important to the entities operating in the region. It means that as we grow, EY will continue to demonstrate a tradition of hiring and training local professionals to be leaders in our practice.

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting