By Trend
Excise rates on the import of buses will be introduced in
Azerbaijan from January 1, 2019.
This is amendment included in tax legislation, approved by the
decree of President of Azerbaijan Ilham Aliyev, Trend reports.
Thus, the excise duty on the import of buses with an engine
capacity of up to 4000 cubic centimeters will be two manat for each
cubic centimeter. For buses with a higher engine volume, excise
duties will be:
- up to 6000 cubic centimeters - 8,000 manat excise tax plus
four manat for each cubic centimeter for a part of the engine
4001-6000 cubic centimeters of engine capacity,
- up to 8,000 cubic centimeters - 16,000 manat plus six manat
for each cubic centimeter for a part of the engine with capacity of
6001-8000 cubic centimeters,
- up to 10,000 cubic centimeters - 28,000 manat plus eight manat
for each cubic centimeter for an engine part with capacity of
8001-10000 cubic centimeters,
- from 10,000 cubic centimeters - 44,000 manat plus ten manat
for each cubic centimeter for a part of the engine with capacity
exceeding 10,000 cubic centimeters.
Excise rates for buses manufactured more than a year ago and
having a mileage of more than 100,000 kilometers will be determined
by applying a coefficient 1.5 to the amount of the calculated
excise tax.
In Azerbaijan, from January 1, 2019, new amendments to the Tax
Code will come into force, providing for new benefits and tax
exemption, as well as expanding the tax base, introducing cash
registers of new generation, improvement of tax administration and
other measures.
According to the State Customs Committee of Azerbaijan, in
January-November 2018, 22,714 vehicles were imported into the
country, which is 2.3 times more than in 11 months of the last
year.
Of all vehicles imported into the country, buses and other motor
vehicles that can carry ten or more passengers accounted for 235
vehicles. This figure has increased by 40 percent within the
year.
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