Ramin Abbasov

Senior Tax Associate

Being a part of our tax team, Ramin actively contributes to our tax consulting and accounting practices. His previous experience includes the senior role that he has held at Nexia EA Azerbaijan. After his successful journey in the consulting sector, he has worked as a senior accountant at a giant Azerbaijani holding involved in poultry, aquaculture and organic food business as well as at a broker firm, ensuring their seamless financial operations. Since 2022, Ramin has been engaged in the provision of tax and accounting services at VLM.

Ramin's area of expertise is broad and multifaceted. He has extensive experience in the execution, management, and auditing of tax and financial operations. Ramin provides professional support to clients in the proper calculation of taxes, preparation of tax declarations and reports, as well as the inventorying of goods and materials. Additionally, he offers expert services in the field of tax audits.

One of Ramin's main responsibilities is advising clients on minimizing tax and financial risks. He also guides them in identifying methods for the proper recognition and optimization of expenses. Furthermore, he assists clients in making strategic decisions regarding their financial and tax matters. His extensive experience and deep understanding in these areas allow his clients to manage their operations more efficiently and cost-effectively.

Ramin is an expert with vast knowledge and experience in matters related to double taxation. He provides professional support to businesses in avoiding double taxation and taking advantage of the provisions of existing agreements. Additionally, he offers clients sound legal and financial solutions for the elimination of double taxation issues. Ramin offers full support in the establishment and maintenance of accounting systems for his clients, helping them optimize their tax matters. He has provided effective and goal-oriented services to clients from various sectors, including agribusiness, IT, manufacturing, and others. His clients particularly emphasize the high-quality and comprehensive support they receive regarding the financial and tax aspects of their operations.

Core Practice Areas

Tax Compliance
Tax and Financial Reporting
Tax Consulting and Tax Review
Accounting and Bookkeeping
Customs

Languages

Azerbaijani
English
Russian
Turkish

Education

Khazar University - Bachelor of Finance

Key Accomplishments

Provided significant support to the local office of an international scaffold brand in the preparation of accounting data. This process ensured the proper classification of fixed assets by project and the correct handling of tax accounting. These efforts helped ensure the proper registration of the brand's operations and compliance with tax obligations.
Assisted a local IT and electronic services provider in establishing their tax accounting system. He advised the provider on selecting the appropriate tax regime, ensuring compliance with tax legislation, and fulfilling tax obligations. This helped the company minimize tax risks and ensured compliance with the relevant regulations.
Provided tax and accounting services to a company in the agricultural sector. As part of this, he ensured the proper classification of the company's goods, helped the company benefit from tax exemptions applicable to agribusiness, and advised on selecting an appropriate accounting strategy. These actions facilitated the company's tax obligations and created opportunities for optimizations in financial planning.
Provided tax and accounting services to a foreign-invested company operating in the oil and gas sector. His efforts ensured that the company's financial operations were conducted accurately and without error. This enabled the company to operate effectively in the local market while ensuring compliance with tax laws.