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The Law on Amendments to the Labor Code, the Civil Code, and the Laws of the Republic of Azerbaijan "On Currency Regulation", "On Investment Funds" and "On the Securities Market"New business opportunities in Azerbaijan: Tax and Customs duty exemptionsNew requirements for the payments market are on the way: a close look at the Law on Payment ServicesAll updates
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TeamTax Associate

Teymur Gubiyev

tgubiyev@vlm-az.comLinkedIn
Legal 500Chambers and PartnersIFLR1000ITR World TaxAmCham AzerbaijanBCCAAFChamberIsrael–Azerbaijan ChamberAIENShenzhen Court of International ArbitrationGlobal Law ExpertsLeadvisor
Legal 500Chambers and PartnersIFLR1000ITR World TaxAmCham AzerbaijanBCCAAFChamberIsrael–Azerbaijan ChamberAIENShenzhen Court of International ArbitrationGlobal Law ExpertsLeadvisor

Background

Tax Associate

Teymur joined VLM’s tax team in 2023. Prior to his current role, his career path encompassed key roles in the banking sector, where he worked as an anti-money laundering and compliance specialist. His duties included investigating, measuring, and reporting the banks' compliance risks related to suspicious or fraudulent financial activities, as well as developing and implementing strategies to comply with anti-money laundering and anti-terrorist financing laws. Additionally, he was responsible for collaborating with auditors and regulatory authorities to minimize money laundering risks.

Relying on his knowledge and experience, Teymur plays a crucial role in supporting our clients by overseeing a wide range of financial operations. This includes monitoring processes, conducting bank transactions, analyzing and mitigating compliance risks for both clients and the company, providing advice on compliance matters, corresponding with banks, issuing electronic invoices, and handling settlements with creditors and debtors.

He ensures adherence to applicable tax legislation, tracks changes, and applies them accordingly. Teymur accurately calculates tax obligations for both individuals and legal entities, ensuring timely payments. He ensures that tax returns are prepared and submitted correctly and on time to the tax authorities. Additionally, he advises management or clients on tax matters, answers questions, proposes tax strategies, and works with tax authorities' electronic systems (e-tax returns, e-invoices, etc.) to ensure technical accuracy.

Core Practice Areas

  • Tax Reporting
  • Accounting
  • Affairs with corporate clients

Languages

  • English
  • Russian
  • Turkish
  • Azerbaijani

Education

  • Azerbaijan State University of Economics (UNEC) - Bachelor of Finance and Credit

Key Accomplishments

  • Supported various companies in setting up accounting and conducting AML/ATF compliant bank operations.
  • Assisted a diverse range of foreign clients in their affairs and correspondence with local banks.
  • Advised clients on complex tax and compliance matters.

Our team

Also at VLM

The whole team
Managing PartnerVugar Mammadov
Senior Legal Associate/AttorneyIsmayil Aliyev
Senior Legal AssociateVusala Babayeva-Nazirli
Senior Legal AssociateSara Aghamaliyeva
Senior Legal Associate/AttorneyJamila Majidli

Contact

Tell us what you are trying to do in Azerbaijan

Marine Plaza, 3rd floor, Uzeyir Hajibeyli 62, AZ 1010, Baku. A partner replies within one business day.

vlm@vlm-az.com+994 10 256 73 56

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Marine Plaza, 3rd floor
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+994 10 256 73 56

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