Azernews.Az

Saturday July 12 2025

Production of some agricultural equipment planned to be exempt from VAT in Azerbaijan

28 June 2019 10:20 (UTC+04:00)
Production of some agricultural equipment planned to be exempt from VAT in Azerbaijan

By Trend

Irrigation equipment is planned to be exempt from taxes in Azerbaijan, Trend reports.

This issue has been recently discussed at the extraordinary plenary session of the Azerbaijani parliament.

The import and sale of irrigation equipment, machinery and agricultural equipment has been exempt from VAT.

According to the proposed addition to the Tax Code, along with the abovementioned agricultural equipment, the production, import and sale of spare parts for agricultural equipment, the list of which has been approved by the structure chosen by the corresponding executive body, is also planned to be exempt from VAT.

The bill is intended to stimulate the production of machinery and equipment used for irrigation, as well as spare parts for them, to optimize the prices for such equipment, and, ultimately, to promote the development of the agricultural sector.

As a result of voting, the bill was adopted in the first reading.

---

Follow us on Twitter @AzerNewsAz

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more