Import and sale of some products will be exempted from VAT in Azerbaijan

In this regard new amendments to the Tax Code discussed at a meeting of Milli Majlis

Baku. 18 April. REPORT.AZ/ A new draft law on amendments to the Tax Code of Azerbaijan discussed at today's joint meeting of Economic Policy, Industry and Entrepreneurship Committee of Milli Majlis.

Report informs according to the new changes import and sale of certain products will be exempted from VAT in Azerbaijan.

Thus, it was proposed to exempt from VAT the import and sale of breeding cattle, seeds and seedlings, the import of mineral fertilizers and pesticides, the import and sale of laboratory equipment and machines for cultivation, cleansing, sorting and grading seed, grain and bean imports of veterinary products for the prevention, diagnosis, and the treatment of farm animals and birds, plants, machinery, equipment and technology for agricultural purposes for irrigation and other purposes.

The second change is related to the applicable tax rates in relation to agricultural land plots which are not used for agricultural purposes.

Thus, according to the amendment, land not used for agricultural purposes, without good reason, the tax rate increased and applicable tax rates for 100 square meters is 10 AZN.

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