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Azerbaijan Lifts VAT on Grain Imports

by Tatiana Smolenskaya, Tax-News.com, Moscow

13 December 2010


In Azerbaijan, the Cabinet of Ministers has decided that imports of grain and flour should be free from value added tax (VAT).

The measure is effective immediately, and will remain in force until August 1, 2011. Several of the country’s Ministries had called for the change, following a reduction in output last year. Around 147,000 fewer hectares were harvested in 2010 than in 2009. Poor weather was to blame.

Azerbaijan has in excess of 2m tons of grain reserves, with a monthly demand of 135,000 tons. A third of this is met through imports. The move is expected to reduce the retail cost of the goods, and would counterbalance the increase in the price in grain on the worldwide markets, which is close to a two year high.

VAT in Azerbaijan stands at 18%.

TAGS: tax | value added tax (VAT) | Azerbaijan

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