Based on annual retainer contracts
1) Conducting financial accounting activities that meet domestic standards, assuring the compliance of these activities with applicable laws, helping build a personnel management system that is in compliance with the Azerbaijan Republic’s labor laws, making sure that property/labor/taxation laws are applied in a proper manner, defending cases relevant to such laws and their applications before the Azerbaijan Republic’s courts, maintaining legal correspondence with government agencies, and obtaining necessary certificates and licenses.
The following consulting services are also included: preparation of tax statements and forms, financial accounting, human resources management, international oil contacts and their taxation and customs protocols, and other issues dealing with the application and interpretation of relevant laws.
- Endorsement of annual tax statements and presentation of audit opinions as required by applicable laws.
- Registration of corporations (local offices, subsidiaries, etc.) with government agencies.
- Audit opinions on whether “the organizing capital” is being approved in accordance with applicable laws at the time of the registration or re-registration of the client corporation (local offices, subsidiaries, etc.) with government agencies.
- Attainment of the certificates required for taxation and customs purposes.
- Defending before court (during all legal stages) cases pertaining to the fields of accounting, taxation, customs, labor, and property legislations.
Based on non-retainer contracts
2) Production sharing agreements (PSAs) and their protocols.
- Working/consulting on assignments dealing with the implementation of “Agreement on the joint work and production sharing for the Azeri and Chirag oil fields, and the deep-water portions of the Guneshli field located in Azerbaijan’s part of the Caspian Sea”, Protocol about the taxation of staff and physical persons, Protocol about the taxation of foreign sub-contractors, Protocol about the import-export duties and taxation of the Azerbaijan Republic, and Protocol about the added-value taxes.
- Working/consulting on assignments dealing with the implementation of “Agreement on the rehabilitation, exploration, development, and production sharing for the block that includes the Azerbaijan Republic’s Kursangi and Karabagli oil fields” and related protocols.
- Working/consulting on assignments dealing with the implementation of “Agreement on the rehabilitation, exploration, development, and production sharing for the block that includes the Azerbaijan Republic’s Mishovdag and Kalamaddin oil fields” related protocols.
- Working/consulting on assignments dealing with the implementation of other PSAs and their protocols.
3) Other auditing services
3.1. General audits
3.2 Evaluation of what-if scenarios (in the area of book-keeping)
3.3. Consultation (taxation, financial accounting, and the interpretation of relevant property legislations).
3.4. Design of book-keeping policies for corporations, and legal and physical persons.
3.5. Evaluation of balance sheets.
3.6. Organization of contract-based courses designed to improve the qualifications of beginner and experienced accountants.
3.7. Acting on behalf of clients during tax and other government audits in order to ensure a proper defense of their legal positions.
3.8. Furnishing other audit-related services.