Passengers Cars and Various Yachts Made in Azerbaijan to Be Subjected to Excise Tax
The Cabinet of Ministers of Azerbaijan will determine the rates of the excise tax on passenger cars and various yachts, as well as water sport means produced in the country. Introduction of the excises toward these carriers is linked with the decision on applying the excise tax towards the analogical imported production starting from January, 1, 2007.
Starting from the next year, Azerbaijan will apply the differential system on collecting excises from imported cars. The rate of the tax on auto carriers with the volume of the motor up to 2.000 cubic cm will reach 0,15 AZN per each cubic cm. The rate for auto carriers with the volume of motor up to 3.000 cubic cm, the rate will reach 300 AZN + 1 AZN per each cubic cm higher 2.000 cubic cm. For auto carriers with the volume of motor up to 4.000 cubic cm, the rate will reach 1300 AZN + 2 AZn per each cubic cm higher 3.000 cubic cm. For auto carriers, which volume of motor is more than 4.000 cubic cm, the rate will reach 3300 AZN + 4 AZN per each cubic cm higher 4.000 cubic cm.
State Budget 2007 envisages allotments from collecting excises on imported cars and yachts to the High Way Fund at the level of 35 mln. AZN.