Azerbaijan, Baku , 3 Dec /corr. Trend I.Alizade / A Law on special
economic regime for the export oil and gas activity will be adopted in Azerbaijan. |
The basic goal of the project is to reduce the tax load for the foreign companies, which were registered in Azerbaijan and carry out operations outside the country. Such companies are Among them such companies are Technip, Total, Bos Shelf and Mersk, which appealed to the Government with the proposals to provide tax privileges for them for the participation in the regional projects, implemented outside the country.
Due to completion of the projects in Azerbaijan, they receive orders from other
countries of region. Continuing to carry out operations from Azerbaijan, the companies must follow Azerbaijani legislation on both customs and tax.
The participants of the meeting said that during
the introduction of last additions and changes to the Tax Code, some provisions
of these projects were taken into consideration. The new law privileges being
intended already found their reflection in the Tax Code.
According to the Law, the contractors and subcontractors will pay the taxes,
connected with the export oil and gas activity, in the order provided by Law. Due
to the export oil and gas activity, goods imported into Azerbaijan and exported from the country will be exempt from the customs duties.
Aleskerov said that the work on the bill together
with the representatives of the corresponding organizations has been carried
out for two years: "Powerful infrastructure has been created in Azerbaijan, and large-scale works are realized here. Nearly 12,000 high-qualified specialists
have been rained, whose part work in different countries worldwide".
"Strong potential appeared in the oil and gas sphere of the country, and legal
base is necessary to be created for its retention, beneficial use," said Ziyad Samedzade,
chairman of permanent parliamentary commission for economic policy. According
to him, the creation of basis for the involvement of local citizens in the work
in this sphere is one of the important aspects of the Law.
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