Bank Of Baku

Azeri Parliament passes rate of excise duties for imported cars

Azeri Parliament passes rate of excise duties for imported cars
# 15 December 2006 14:02 (UTC +04:00)
Azeri Taxes Minister Fazil Mammadov said the rules for excise duties are based on the engine capacity. The duty per cu cm will be AZN 0.15 for cars with engine of up-to 2,000 cu cm.
The excise duties for engines of up-to 3,000 cu cm will be AZN 300 + AZN 1 per cu cm of 2,001 to 3,000 cu m, for engines of up-to 4,000 cu m will be AZN 1,300 +AZN 1 per cu cm of the capacity between 3,001 cu m through 4,000 cu m, for engines of over 4,000 cu m will be AZN 3,300 + AZN 4 per cu cm of the capacity over 4,000 cu m.
The excise duties for yachts and sports and other transport facilities will be AZN 1 per cubic cm.
The amendments to the Tax Code have been passed after discussion. The amendments are effective from 2007. /APA/
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