Producers of import-substituting foodstuffs to be exempted from property, land tax

The individuals and legal entities engaged in the production of import-substituting foodstuffs may be exempted from property and land tax for the term of seven years in Azerbaijan beginning next year.

Report informs that according to the proposed additions and alterations to the Tax Code, entrepreneurs are exempted from the tax on property and land used during such activity for the term of seven years from the moment the respective list is approved.