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Azerbaijan to Extend VAT Exemption for Hybrid Vehicles

Azerbaijan is reportedly planning to amend the Tax Code to extend the VAT exemption on the import and sale of hybrid vehicles. As previously reported, a VAT exemption was introduced on the import and sale of electric and hybrid vehicles in Azerbaijan for a period of three years beginning 1 January 2022, subject to the condition that the vehicle is less than 3 years old, and its engine displacement is less than 2.5 liters.

Source Orbitax

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