- Azerbaijan Ministry of Economy announces new VAT exemption for local bus manufacturers
- The exemption aims to revitalize the local automotive industry and attract additional investment
- It provides tax breaks to manufacturers of domestically produced buses and imported spare parts for bus production
- The new VAT exemption is set to last for 8 years starting from January 1, 2025
- This follows a current VAT exemption for passenger cars made in Azerbaijan which is valid for 10 years from May 1, 2023
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
