The Cabinet of Ministers of the Republic of Azerbaijan adopted an action plan in accordance with paragraph 10.2 of Order No. 1950 of the President of the Republic of Azerbaijan dated 19 March 2020. The action plan dated 4 April 2020 covers three main spheres:
In accordance with this action plan, tax incentives and holidays to enterprises operating in areas affected by the pandemic are provided for by the amendments to the Tax Code of the Republic of Azerbaijan. The Law on Amendments was approved by the Order of the President of the Republic of Azerbaijan dated 2 June 2020.
As per the Law on Amendments, the sale of goods with export, in accordance with the procedure established as determined by the relevant executive authority, is taxable with zero-rate VAT.
As a result of the spread of the coronavirus pandemic, a temporary exemption from VAT for all entrepreneurs is provided for:
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