Production, sales of bread may be exempted from VAT for another year in Azerbaijan
Baku, Azerbaijan, March 18
By Azad Hasanli - Trend:
Exemption of import and sales of wheat, as well as production and sale of wheat flour and bread from VAT was offered to be extended for one more year in Azerbaijan, a source in the country's parliament told Trend.
This is provided for by amendments to the Tax Code, which were discussed today at a meeting of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship.
The amendments provide for the extension of exemptions from March 1, 2019.
The import and sales of wheat, the production and sales of wheat flour and bread in Azerbaijan have been exempted from VAT since 2016. In 2017, the exemption was extended for a period of three years.
According to the country's State Statistical Committee, in January-February 2019, the volume of production of bread and bakery products amounted to 209,400 tons, which is 1.7 percent more than in the same period of 2018.
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