According to amendment, the excise duty on cars with engine volume up to 2000 cubic centimetres remained unchanged.
Excise duty on cars with engine volume up to 3000 cubic centimetres makes up 400 manats + 3 manats (previously AZN 1.5) per each cubic centimetre of the engine volume’s part from 2001 to 3000 cubic centimetres, cars with engine volume up to 4000 cubic centimetres – 3,400 manats + 8 manats (previously 4 manats) per each cubic centimetre of the engine volume’s part from 3001 to 4000 cubic centimetres, cars with engine volume up to 5000 cubic centimetres – 11,400 manats + 20 manats (previously 8 manats) per each cubic centimetre of the engine volume’s part from 4001 to 5000 cubic centimetres, cars with engine volume over 5000 cubic centimetres – 31,400 manats + 40 manats (previously 10 manats) per each cubic centimetre of the engine volume’s part over 5000 cubic centimetres.
Excise duty on rest or sports type yachts and other floating facilities intended for these purposes makes up AZN 6 manats (previously 3 manats) per each cubic centimetre of the engine volume.
Exemption of wheat and flour, as well as imported goods from VAT conforms with today’s reality, Chief of Head Department of Main Finance–Tariff and Currency Regulation of the State Customs Committee Mirgasim Vahabov said at the joint meeting of Standing Committees of Azerbaijani Parliament on Economic policy, industry and entrepreneurship, as well as Legal Policy and State Building.
“Despite there is a domestic production, we have certain dependence on import. Imposing excise duty on the vehicles is one of the main cases. Compared to eleven months of 2016, number of imported cars declined 82% from 25,000 cars to over 4,800. As well, tax on this direction fell AZN 94.5 million. Today, there are nearly 2 million cars in Azerbaijan. Excise duty on luxury cars should be increased. Import of luxury cars increased to 198 from 160 in 2015”, he added.
Vahabov added that excise duty should also be imposed on fur and leather products.