President Ilham Aliyev signed a decree that approved the procedure for granting permits for the import of machinery, manufacturing equipment and facilities by legal entities and individual entrepreneurs who obtained the document on Investment Promotion.
The same decree approved the form (http://azertag.az/store/files/qayda.pdf) of confirmatory document.
Supporting documents provide the investor the right to use the facilities provided by the Tax Code and the law On Customs Tariff. This is an exemption from many taxes and customs duties.
To obtain the permit an investor goes to the Ministry of Economy. The application is accompanied by a list of imported machinery, equipment and structures, and their value in US dollars. The document is available for 7 days. In considering the application the Ministry of Economy examines its compliance with the investment project. The Ministry of Economy informs the Ministry of Taxes and the State Customs Committee on granting the permit within 3 working days. -----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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