Foreign legal entities with no permanent presence (permanent establishment) in Azerbaijan are subject to withholding tax on income derived from sources in Azerbaijan at the following rates.
* 10% Interest
* 14% Lease of movable and immovable property (other than that paid by a lessee who is a physical person) and royalties
* 6% Payments for international transportation services
* 6% Payments for international communication services
* 4% Insurance or reinsurance premiums
* 10% Interest element of financial lease payments
* 10% other income
For detailed information on Tax rates please see this table.
From January 2010 the corporate profit tax was set at 20%. There is 0% tax on agriculture (except land tax; rates depend on location and type of land plots).