Import of raw materials exempt from duties for residents of liberated lands


November 29, Fineko/ For residents of the liberated territories, the import of raw materials is exempt from customs duties.

ABC.AZ reports that this was reflected in the proposed draft amendment to the Tax Code, which was submitted for discussion at today's Milli Majlis meeting.

The bill envisages exemption for up to 10 years from 1 January 2023 from customs duties on the import of raw materials and materials in the areas of production activity by residents of territories liberated from occupation.

The list of these raw materials and materials will be approved by the relevant executive authority.

The bill was adopted in the 1st reading after discussion.