Amendments made to the Tax Code during month of July | KPMG | AZ

Amendments Made to the Tax Code of the Republic of Azerbaijan

Amendments Made to the Tax Code During Month of July

Approved as of 12 July 2016, the Law “On Amendments to the Tax Code of the Republic of Azerbaijan” by the President of the Republic of Azerbaijan

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In this issue:

Approved as of 12 July 2016, the Law “On Amendments to the Tax Code of the Republic of Azerbaijan” by the President of the Republic of Azerbaijan, promulgates Tax Free system, i.e. refund of paid VATs for the goods purchased in the territory of Azerbaijan by foreigners and stateless persons which are not intended for commercial purposes at the airport under newly added Article 165.3 to the Tax Code.

Refund of VAT amounts for the purchased goods shall be available if following conditions are met:

  • Purchased goods shall not bear production or commercial purposes
  • Goods shall be exported out of country via air transfer
  • Exportation of goods are commenced upon 90 days prior to the purchase date
  • Cost of goods incur to more than AZN 300 (including VAT)

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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