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)