By Trend
Azerbaijan’s State Customs Committee may raise tariffs on
imports of products, Head of the Customs Tariffs Regulation
Department of the Main Department of Finance, Tariffs and Currency
Control of Azerbaijan’s State Customs Committee Azizaga Huseynov
said.
He was speaking at a seminar titled “Azerbaijani Customs –
Today’s and Tomorrow’s Challenges” on June 13.
He said that the possible increase in tariffs will be primarily
aimed at protecting domestic production.
“First of all, this applies to such areas as agriculture,
processing of agriculture products, mechanical engineering and a
number of other industrial spheres,” Huseynov said.
A new system of customs duties came into force in Azerbaijan
from January 1, 2018.
The new duties are regulated by the "Nomenclature of goods of
foreign economic activity, customs rates for import and export".
The new system, which came into force this year, is a three-tier
system. Since 2001, there have been seven rates in Azerbaijan -
"0", "0,5", "1", "3", "5", "10" and "15" percent. Now, from this
year, there are only three rates - "0", "5" and "15" percent.
A large part of industrial goods (raw materials and equipment)
including even those, which previously were charged a customs duty
of 0.5 percent, is taxed at a zero rate this year. This applies to
those types of commodity groups (in particular, groups 84 and 85),
which are already subject to VAT at a zero rate based on the order
of the Cabinet of Ministers.
Semi-finished products are subject to a customs rate of five
percent. As regards the finished products, the relevant rate has
increased to 15 percent.
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