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Azerbaijan to up excise rates on imported cars, yachts in 2017

Business Materials 16 December 2016 19:36
Excise rates on imported cars with an engine capacity of over 2,000 cubic centimeters, yachts and other vessels, designed for leisure and sports, will increase in Azerbaijan from 2017.
Azerbaijan to up excise rates on imported cars, yachts in 2017

Baku, Azerbaijan, Dec. 16

By Azad Hasanli – Trend:

Excise rates on imported cars with an engine capacity of over 2,000 cubic centimeters, yachts and other vessels, designed for leisure and sports, will increase in Azerbaijan from 2017, according to the amendments to the Tax Code approved at a plenary meeting of the Parliament Dec. 16.

The excise rates on imported cars, yachts and other vessels designed for leisure and sports will be as follows:

Taxable item

Excise rates which will be valid until late 2016

Excise rates which will be applied from 2017

Cars:

with engine capacity up to 2,000 cubic centimeters

per each cubic centimeter of engine capacity – 0.2 manats

per each cubic centimeter of engine capacity – 0.2 manats

with engine capacity up to 3,000 cubic centimeters

400 manats + 1.5 manats per each cubic centimeter in an engine capacity from 2,001 to 3,000 cubic centimeters

400 manats + 3 manats per each cubic centimeter in an engine capacity from 2,001 to 3,000 cubic centimeters

with engine capacity up to 4,000 cubic centimeters

1,900 manats + 4 manats per each cubic centimeter in an engine capacity from 3,001 to 4,000 cubic centimeters

3,400 manats + 8 manats per each cubic centimeter in an engine capacity from 3,001 to 4,000 cubic centimeters

with engine capacity up to 5,000 cubic centimeters

5,900 manats + 8 manats per each cubic centimeter in an engine capacity from 4,001 to 5,000 cubic centimeters

11,400 manats + 20 manats per each cubic centimeter in engine capacity from 4,001 to 5,000 cubic centimeters

with engine capacity over 5,000 cubic centimeters

13,900 manats + 10 manats per each cubic centimeter in engine capacity exceeding 5,000 cubic centimeters

31,400 manats + 40 manats per each cubic centimeter in engine capacity exceeding 5,000 cubic centimeters

Yachts for leisure and sports and other vessels for the same purpose

3 manats per each cubic centimeter of engine capacity

6 manats per each cubic centimeter of engine capacity

(1.7525 manats = $1 on Dec. 16)

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