The State Customs Committee has prepared and submitted to the government proposals to change the rates of customs duties and taxes. This was at a meeting with Turkish businessmen in Azerbaijan, said the head of State Customs Committee Aydin Aliyev.
"Rates of tax and duties on raw materials needed for production of goods in Azerbaijan will be reduced. In parallel, it is planned to increase the rate for identical goods produced in the country," he said.
These measures are carried out in order to protect local production and its development.
In Azerbaijan, there is a norm that frees importers from VAT on the importation of raw materials for food production. From this year on customs duties and taxes for a period of 7 years exempted imported equipment and goods for investment purposes. ----08D
Economics
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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The Armenian government reviewed a draft bill on Thursday, January 9, following a petition that garnered 52,000 signatures—surpassing the required threshold of 50,000. The proposed legislation, which has now been forwarded to parliament, has ignited discussions about Armenia’s potential shift toward European integration.
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