Azerbaijani stock market fully complies with FATCA requirements

Baku, Fineko/abc.az. Foreign investors may not fear the U.S.
sanctions on FATCA during operations on the Azerbaijani stock market.

Director of local investment company PSG¬Broker Matanat
Iskenderova has stated that the stock market of Azerbaijan is
fully compliant with the standards in the field of counteraction to money¬laundering.

“Likewise, it was also resolved the issue with the obligations imposed by the FATCA,”
Iskenderova emphasized.

She added that the tax treatment of transactions in the stock market is simple: the foreign investor pays a 10% tax from the source, which is charged only in case of export of investment income abroad