The Tax Code of the Republic of Azerbaijan

Article 79. Fulfillment of tax obligations upon the liquidation of an enterprise (organization)
79.1. The tax obligations of a liquidated enterprise (organization) shall be fulfilled by the liquidation commission at the expense of the enterprise’s (organization’s) monetary resources, including income received from the sale of its property. Unless otherwise provided for in this Article, the liquidation commission shall also fulfill the tax obligations of the enterprise’s (organization’s) branches, and separate divisions. The obligations of a branch or separate division of the liquidated enterprise (organization) shall be fulfilled directly by that enterprise, or, upon the liquidation of that enterprise, by the liquidation commission of that enterprise.
79.2. If the liquidated enterprise’s (organization’s) monetary resources, including resources received from the sale (for the purpose of the fulfillment of tax obligations) of its property, are not sufficient for the complete fulfillment of such enterprise’s (organization’s) tax obligations, the remaining debt on the tax obligations shall be paid by the founders of the enterprise, if, pursuant to the law, regulations or other foundation documents, the enterprise’s founders are jointly responsible for its obligations. The payment of debt obligations upon the liquidation of a personal enterprise shall be the responsibility of the owner of its property.
79.3. In the case of enterprise bankruptcy his obligations shall be fulfilled in order established by the legislation.
Article 80. Fulfillment of tax obligations upon the reorganization of an enterprise (organization)
80.1. The tax obligations of a reorganized enterprise (organization) shall be fulfilled by its newly appointed successor (successors) in accordance with this article.
80.2. The fulfillment of a reorganized enterprise’s tax obligations (liabilities) shall be vested in its successor (successors), whether or not such successor (successors) is (are) aware of the factors or circumstances in the reorganized enterprise’s non-fulfillment or improper fulfillment of its obligations before the reorganization has been completed.
80.3. Reorganization of an enterprise shall not alter the term for payment of such enterprise’s (organization’s) tax obligations by its successor (successors).
80.4. An enterprise established as a result of a merger of several enterprises (organizations) shall be considered the successor with respect to the tax obligations of each of those enterprises (organizations).
80.5. If an enterprise (organization) is split up into several enterprises (organizations), the organizations (enterprises) established as a result of such split-up shall be considered the successors with respect to the tax obligations of the divided enterprise (organization).
80.6. When there are several enterprises, the share of each successor in the fulfillment of a reorganized enterprise’s tax obligations shall be determined according to the procedure established by the relevant central executive authorities.
80.7. An enterprise established as a result of altering an enterprise’s organizational-legal status shall be considered the successor with respect to the tax obligations of such reorganized enterprise.
If reorganization, when one or more enterprises (organizations) are split off from an enterprise (organization) is not directed in the non-fulfillment of the reorganized enterprise’s tax obligations, the enterprises (organizations) so split off shall not be successors with respect fulfilling the reorganized enterprise’s (organization’s) tax obligations.
80.8. If one legal person is transformed into another the successor of the reorganized legal person shall be a new legal person.
80.9. If one of number of legal persons are excluded from a legal entity the reorganized legal entity shall not be considered a successor for the purposes of taxation, provided however that this is not directed to non compliance of tax obligations of this reorganized legal person.