Imported necessary foods exempt from VAT - Explanation

12:58 - 22.06.2020

June 22, Fineko/abc.az. In accordance with Article 224.4 of Chapter 18 of the Tax Code, with the purpose to ensure the health and needs of the population during the temporary tax regime, the import of products and types of goods, the list of which is approved by a body determined by the relevant executive authority, is exempt from VAT.

ABC.AZ reports with reference to the State Tax Service that the application of tax relief on necessary food products is important from angle of preserving food safety in the country.

Thus, this package of exemptions and vacations allows businesses to use the savings to protect and develop their businesses.

 

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