Azerbaijan has launched the new tax system - «TAX FREE»

Azerbaijan has launched the new tax system - «TAX FREE»

2016-06-17 18:05:00

The Ministry of Taxes of Azerbaijan has started the implementation of the new tax system- "Tax Free" for the first time in the country.

According to fins.az, VAT (the value-added tax) (which has been paid for goods not intended for commercial purposes, in Azerbaijan) will be returned to the foreign citizens who arrived in the country after the introduction of the new tax system,

 Note that, today the VAT is 18% in Azerbaijan.

Moreover, foreigners who have been granted with residence and work permit in the territory of the Republic of Azerbaijan are not eligible for TAX FREE. In addition following goods are not subject to TAX FREE- excised goods, food stuffs, medicines and medical equipment, goods regarded as national cultural and historical riches, as well as significant in terms of protection cultural heritage.

The total price of the purchased goods should be at least 300 AZN for using TAX FREE.

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