home . news & publications . Investment News . Import of Some Oil Products to Azerbaijan to Be Exempt From VAT Till 2014

Import of Some Oil Products to Azerbaijan to Be Exempt From VAT Till 2014

Imports of petroleum coke, petroleum bitumen and residual products, oil refining and bitumen containing minerals and bitumen containing minerals to Azerbaijan will be exempt from paying value added tax (VAT).

The current VAT rate in Azerbaijan is 18 percent.

This group of goods is also exempt from customs duty, the rate of which is set at 15 percent and it will be taxed at a zero rate now.

Moreover, an excise tax rate for these types of petroleum products has been reduced from 30 to 1 USD per ton.

The decision will be valid untill January 1, 2014.

Source: Trend

Back to top

subscribe

events view our upcoming events.

network follow us.



   facebook  linkedin  twitter

 bp
anglo-asian ata-holding
azpetrol statoil
bny_melon azertrans
chevron_logo conocophillips
  ibar exxonmobil
 solar-turbines boeing-logo-website
 
  
 
           
        
   
 
 
         pg
    ekvitasocaraqs            
          ge