Azerbaijan exempts import and sale of hybrid cars from VAT

03.12.2021,12:31


December 3, Fineko/abc.az. The import and sale of hybrid cars, the sale of electric vehicles are exempt from VAT in Azerbaijan.

ABC.AZ reports that this was reflected in the proposed amendments to the Tax Code discussed in the 3rd reading at today's Milli Majlis session.

Until now, the import of cars with an electric motor has not been subject to VAT. According to the changes, along with the import of cars powered by an electric motor, their sale is also exempt from VAT.

In addition, VAT exemption is envisaged for the import and sale of hybrid cars from the year of manufacture of which no more than three years have passed and the engine capacity is no more than 2,500 cu cm, and the import of second- and third-level chargers for cars with an electric motor is also exempt from VAT for 3 years from 1 January 2022.

The bill was put to the vote and passed.