Azerbaijan President Signs Decree Approving Amendments to Tax Code

The Azerbaijani President Dec. 30, 2022, signed a decree approving amendments to the tax code. The amendments include measures:

• 1) approving the lists of VAT-exempt imported raw materials, basic assets, machinery, and technological equipment and installations; and
• 2) allowing VAT refunds for goods and services provided by residents for retail trade, public catering, and medical activities.

The decree enters into force Jan. 1, 2023. [Azerbaijan, Office of the President, 12/30/22]

Sources

• Bloombergtax
• Decree