Azerbaijan, Baku, Dec. 14 / Trend U. Ismayilova /
According to the Azerbaijani Cabinet of Ministers, the import of scientific equipment and devices to the country is exempt from VAT and customs duties in accordance with the necessity of introducing these benefits on the part of the Azerbaijani National Academy of Sciences.
This decision was made on the basis of the Azerbaijani National Academy of Sciences' proposal agreed with the Ministry of Economic Development, the Ministry of Finance, the Ministry of Taxes, the State Customs Committee, the Cabinet of Ministers said.
The Azerbaijani Cabinet of Ministers' decision enters into force on December 13 until January 1, 2016.
The VAT rate is 18 percent in Azerbaijan, while the maximum rate of customs duty - 15 percent.