On 6 May 2016 the President of Azerbaijan signed a
number of laws amending the Tax Code, the Law On Social
Insurance and the Law On Customs
Tariffs.
The amendments, in particular, introduce the following:
1. An exemption for five years starting 1 May 2016 from:
- customs duties on all types of goods imported by residents of
the Garadagh Industrial Park involved in shipbuilding
activity on the basis of support documents from the Ministry of
Economy of Azerbaijan;
- VAT on all types of goods imported by residents of the
Garadagh Industrial Park involved in shipbuilding activity
on the basis of support documents of the Ministry of Economy of
Azerbaijan;
- VAT with a zero rate on the sale of goods and the provision of
works and services for the purpose of shipbuilding activity by
residents of the Garadagh Industrial Park involved in such
activity, as well as by their contractors and subcontractors which
have direct contracts with contactors of the residents of
