Exemption of tax on sale of meat and poultry in Azerbaijan

Saturday, 30 November 2019 00:00 Written by  font size decrease font size decrease font size increase font size increase font size

Sales of meat and poultry in the Republic of Azerbaijan is exempt from tax.

 

Mikhail Jabarov, the economic minister of Azerbaijan believes that the country has achieved its predetermined economic goals this year and has succeeded in growing its industry.

According to published figures, Non-oil industry and entrepreneurship sectors have achieved a significant 8.9% growth and experts believe that growth will continue through 2020.

On the other hand, the tax law in the seven main areas have been accompanied by various reforms that seem to result in the strengthening of the fight against tax evasion, the strengthening of control overtax evaders and the encouragement of entrepreneurs.

Accordingly, sales of poultry and meat were exempt from VAT for a period of four years.

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