The government proposes to extend the exemption from payment of VAT on the import and sale of wheat and the production and sale of flour and bread for another three years. This was said by the Minister of Taxes Fazil Mammadov at a meeting of the Parliamentary Committee for Economic Policy, Enterprise and Industry and the Committee on Legal Policy and State Building.
Note that the government imposed discounts on the payment of VAT in January 2016 in order to prevent the growth of prices for flour and flour products, and the period of these discounts expires on January 1, 2017.
The Minister also said the government proposes to exempt from VAT the sale of poultry meat for three years. ------71D
Economics
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Farmers in Azerbaijan must insure their barley, wheat, rice, and corn crops grown on lands exceeding 10 hectares to be eligible for agricultural subsidies, a government official stated during a recent briefing on updated subsidy rates.
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The hospitality industry in Azerbaijan recorded significant growth in 2024, with the number of overnight stays in hotels and similar establishments rising by 25.1% year-on-year to 4.28 million, according to official data. This robust recovery highlights the increasing appeal of the sector to both domestic and international travelers, supported by improved infrastructure and the diversification of tourism offerings.
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Azerbaijan's Agricultural Subsidy Council has set new requirements for the establishment of intensive orchards, including the installation of climate stations, according to Vugar Huseynov, head of the Ministry of Agriculture's press service.
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