VAT accrued on some goods reduced

24.05.2022,12:39


May 24, Fineko/abc.az. According to the wording of Article 164.1.7 of the Tax Code, which entered into force on 1 January 2022, the import and sale of mass media products and books (with the exception of electronic books), as well as sets of textbooks, including the import and sale of paper in the form of rolls or sheets related to the production (publication) of these goods (products), are exempt from VAT.

ABC.AZ was informed at the State Tax Service under the Economy Ministry that according to Cabinet Ministers’ Resolution from 13 May 2022, the list includes the following products:

- Newsprint in the form of rolls or sheets;

- Uncoated paper and cardboard used for writing, printing or other graphic purposes, of various sizes and grams;

- Stitchable paper and cardboard for book covers;

- Printed books, brochures, sheets and similar printed materials, rolled up in the form of books or individual sheets;