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10:33 24 July
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Azerbaijan to exempt production and sale of flour and bread from VAT

Import and sale of wheat are offered to be exempted from VAT for three years in Azerbaijan, Minister of Taxes Fazil Mammadov said at the joint meeting of Standing Committees of Azerbaijani Parliament on Economic policy, industry and entrepreneurship, as well as Legal Policy and State Building.

According to him, along with wheat, the production and sale of flour and bread are planned to be exempted from VAT for three years.

 

Since January 1, 2016, import and sale of wheat, production and sale of bread and flour had been exempted from VAT for three years. After amendments to the Tax Code, import and sale of wheat, production and sale of bread and flour will be exempted from VAT for more two years.

 

Mammadov also said sale of poultry in Azerbaijan will be exempted from VAT for three years. 

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