Azernews.Az

Friday March 29 2024

Exports of services to be exempted from VAT in Azerbaijan

10 August 2016 18:55 (UTC+04:00)
Exports of services to be exempted from VAT in Azerbaijan

By Rashid Shirinov

Azerbaijan plans to exempt exports of services from paying the value-added tax (VAT), said Shamil Arabov, Deputy head of the Main Department of tax policy and strategic surveys, on August 10.

To this end, draft appropriate amendments to the legislation have been prepared.

“This project proposes to remove limitations on the collection of VAT from exports of some services. Under the proposed changes, VAT rate for all exported services will be at zero percent,” said Arabov.

According to the current Tax code of Azerbaijan, exports of following services are not subjected to VAT:

- transfer of ownership or assignment of rights to patents, licenses, trademarks, copyrights and other similar rights;

- rendering of consulting, legal, accounting, engineering or advertisement services, services on data management and other similar services;

- provision of labour services;

- renting movable property (except for vehicles of transportation enterprises);

- services of agent who on behalf of the main party of agreement invites legal or natural persons to provide services specified in the article;

- the provision of telecommunication services (receipt, distribution, and transmission of signals, documents, photographs, voice or information of various nature by means of telegraph, radio, optical or other electromagnetic system, including the granting or acquiring rights for such transmission, receiving or broadcasting);

- services on radio and television transmission, postal services;

- provision of services via computer, Internet and other electronic networks, email and other similar means or granting rights to use such networks or services.

---

Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov

Follow us on Twitter @AzerNewsAz

Loading...
Latest See more