Bank Of Baku

Film production and sales in Azerbaijan can be exempted from VAT

Film production and sales in Azerbaijan can be exempted from VAT
# 19 December 2022 11:05 (UTC +04:00)

In the process of making and selling movies in Azerbaijan, it was proposed to exempt films from VAT, it was said at the discussions on “Film and Business: Bridges” at the YARAT center, APA reports.

It was noted that the proposal was submitted to the minister of Culture Anar Karimov and the Department of Audiovisual and Interactive Media of the ministry. In order to develop the cinema industry, the idea of exempting the production and sale of films from VAT for a period of 5-10 years was put forward in the proposal.

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