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Azerbaijani Cabinet Approves of VAT Coefficient for Construction

Business Materials 4 March 2008 19:36 (UTC +04:00)

Azerbaijan, Baku, 4 March / Trend corr U. Ismayilova/ The Cabinet of Ministers of Azerbaijan approved coefficient value added tax (VAT) in the city areas for people engaged in construction.

Earlier, at a decision made by the Cabinet dating 25 September 2007 Baku was divided into 12 areas.

Area Coefficient
1 3.5
2 2.5
3 1.5
4 1.4
5 1.3
6 1.2
7 1.1
8 1.0
9 1.0
10 1.0
11 1.0
12 1.0

For the Absheron region (including Khirdalan), Sumgayit and Ganja the coefficient is 1.0; Khankendi, Ali Bayramli, Mingachevir, Nakhchivan, Lankaran, Yevlakh, Sheki, Naftalan, Shamakhi, Gazakh, Shamkir, Salyan, Guba, Khachmaz, Zagatala, Jalilabad, Goychay - 0.8; other regions, towns, villages and settlements - 0.6.

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