11:30 - 25.10.2024

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 October 25, Fineko/abc.az. The residents of industrial parks in Azerbaijan, managed by the Economic Zones Development Agency, have saved 489 million manats so far due to VAT benefits on imports and customs duties.

ABC.AZ reports with reference to the agency that for Jan-Sept 2024, the residents saved 28 million manats on taxes and duties.

The residents of industrial parks are exempt from paying property, land, profit taxes, as well as VAT and customs duties on imports of machinery, technological equipment and installations for production purposes. The benefits are valid for 10 years from the date of registration of the resident.