Press release

EY holds Tax Breakfast in Baku, Azerbaijan

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Baku, 7 December 2012 ― EY’s Tax & Law department held a tax and HR breakfast in the Sharg Ballroom of the JW Marriott Absheron Baku hotel on 7 December 2012. This seminar was delivered by EY’s qualified tax and HR specialists from the Baku and Kiev offices.

The presentation was focused on the recent changes made to tax, customs and other legislation in 2012, and expected changes as of 2013. In addition, the session covered detailed information on interesting aspects of recent tax audits and litigation trends in Azerbaijan.

During the second half of the seminar, Arzu Hajiyeva, EY Tax & Law Partner, and HR specialists from EY’s Kiev office focused on the salary survey reports for 2012 which were recently issued by EY as a result of the Compensation and Benefits Survey in Azerbaijan. In addition to this, detailed information on human capital-related training opportunities and mini-MBA programs in human capital offered by EY in the CIS was presented. The culmination of the interactive part of the event was a lottery of various prizes for salary survey participants.

This seminar is organized on annual basis and hosts a number of Finance Directors, Chief Accountants, Tax Advisors, and Tax and HR Managers from major local and multinational companies operating in Azerbaijan.

Based on interviews with seminar participants Esmira Mehdiyeva from SOCAR, Stella Aliyeva from Fairmont Baku, Akper Ibrahimov from Pasha Holding LLC, Vadim Osadchiy from BP Exploration Caspian Sea Ltd, Lali Alizade from KBR, attendees were grateful, liked the presentations and appreciated the work done by EY to organize and host the event. Some said that it would be good to see the changes currently under consideration discussed as well. EY will take this into account when organizing future seminars.

“I am always delighted to participate in the events organized by EY because of their professionalism and quality,” said Khalida Hasanova from YapiKrediBank.

EY was happy to see all the participants at the seminar and thanks everyone for their time and consideration!

About EY
EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

EY expands its services and resources in accordance with clients’ needs throughout the CIS. 4,000 professionals work at 19 offices including Moscow, St.Petersburg, Baku, Almaty, Astana, Kiev, Tbilisi and other locations.

For more information about our organization, please visit www.ey.com

EY in Azerbaijan
EY has made a major commitment to Azerbaijan and the region with the opening of our office in Baku 18 years ago and the growth of our local financial service industry group. Today, in addition to being a leading audit firm in Azerbaijan, we are the leading firm in the region. Because of our experience and depth of knowledge, we have been able to assist both domestic and international companies as well as state-owned entities in developing them to face the challenges of the international economy.

We currently have more than 140 staff in our Baku practice, which served our clients, including banks and other financial institutions, in Azerbaijan. The strength of EY 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.

For more information, please refer to www.ey.com/Azerbaijan.