Azerbaijan waives 20% fee for currency transfer abroad

  24 February 2016    Read: 1419
Azerbaijan waives 20% fee for currency transfer abroad
Azerbaijani parliament considered it inappropriate to adopt amendments to the "Law on Currency Regulation" at its plenary session on Feb. 23.
The amendments stipulate 20-percent mandatory fees on the foreign currency transfer abroad.

Earlier, Azerbaijan’s President Ilham Aliyev didn’t sign the amendments to the “Law on Currency Regulation” and sent them back to the parliament.

The amendments to the law envisaged a mandatory payment of 20 percent of the foreign currency transferred abroad for direct investment, acquisition of securities, real estate and land plots.

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