Baku, Azerbaijan, April 19. The Law of the
Republic of Azerbaijan on “Licenses and Permits” has been amended,
Trend
reports.
President of the Republic of Azerbaijan Ilham Aliyev has signed
the amendment into law.
According to the change, the third annex of the law, titled
“List of Permits for Entrepreneurial Activities,” has been revised.
Specifically, Article 75 has been reworded as follows:
“Legal entities residing in industrial and technology parks,
along with their managing organizations and operators, as well as
individuals engaging in entrepreneurial activities without
establishing a legal entity, shall be exempt from value-added tax
and customs duties on the importation of machinery, technological
equipment, and installations pertinent to the economic sectors and
goods classifications designated for the liberated territories.
These entities and persons are required to provide a supporting
document for the importation of machinery, technological equipment,
installations, raw materials, and supplies,” the bill notes.
This legislative modification, pertinent to the importation of
goods exempt from value-added taxation and customs levies for
operations within the liberated zones, shall be operational from
January 1, 2023, through January 1, 2033.
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