- The Azerbaijani Ministry of Economy announced on December 29 the approval of zero-rated VAT
- This VAT exemption applies to services supplied by shipbuilding and ship repair enterprises
- The services must be provided to nonresidents
- The exemption covers repairing ships, other marine and water transport vehicles, and hydraulic structures
Source: news.bloombergtax.com
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.
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