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Textbook producers in Azerbaijan to be exempted from VAT

Business Materials 3 December 2013 15:08
Producers of textbooks and children’s literature, excluding workbooks, for educational institutions in Azerbaijan will be exempted from value added tax (VAT).
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.

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