Tax exemption period in industrial and hi-tech parks has been extended
01 Jan 2020
On 1 January 2020, the last Tax Code amendment entered into force. Residents of industrial and hi-tech parks in Azerbaijan are now exempted from income, land and property taxes for 10 years, - up from previously
7 years. Furthermore, the period of VAT and custom duties exemption on importation of equipment and facilities for construction of production facilities was extended to 10 years.
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Type:
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Promotion and facilitation (Special economic zones)
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Industry:
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Sources:
