Textbook producers in Azerbaijan to be exempted from VAT

Baku, Azerbaijan, Dec.3
By Ilkin Izzet, Abbas Akhundov - Trend:

Producers of textbooks and children's literature, excluding workbooks, for educational institutions in Azerbaijan will be exempted from value added tax (VAT).

This is part of a proposed bill amending the tax code that was adopted on Dec.2 by the parliament ( Milli Mejlis) of Azerbaijan.

Editorial, publishing and printing activity will be exempted from VAT.

VAT rate in Azerbaijan is 18 percent.