- The provision of some services will be subject to VAT at a 0-rate rate
- The President of the Republic of Azerbaijan, Mr. Ilham Aliyev, approved the law “On Amendments to the Tax Code”, adopted by the Milli Majlis on December 16.
- One of the important amendments to the Tax Code aimed at reducing the tax burden on businesses and promoting entrepreneurial activity is the inclusion of “0” VAT rate on the provision of services for the repair of ships, other marine and water transport vehicles, and hydraulic structures by shipbuilding and ship repair enterprises based on the order of a non-resident.
Source: taxes.gov.az
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Azerbaijan"
- VAT Refunds in Nakhchivan Exceed 3.4 Million Manats, Boosting Consumer Benefits
- Meeting Held with VAT Payers in Nakhchivan to Discuss Tax Inspections and Compliance
- Informative Video on VAT Refund for Cultural Services by State Tax Service Released
- VAT Refunds in Nakhchivan Reach 3.3 Million Manats, Increasing Transparency and Control
- Consumers Continue to Benefit from VAT Refund Project in Azerbaijan, Over 108 Million Manat Returned
