State Customs Committee: Some eco-friendly cars imported to Azerbaijan exempt from VAT

For the first three months of this year, Azerbaijan hasn’t imported vehicles with a large engine capacity, since the release of which more than three years have passed, Head of the Customs Payments Department of the State Customs Committee Tariel Alverdiyev said at a press conference on “Operation of environmentally friendly cars and a clean environment in Azerbaijan,” Report informs.

“As you know, benefits are provided for environmentally friendly cars imported to Azerbaijan, since the release of which no more than three years have passed, with an engine capacity of not more than 2,500 cubic meters. Their import is exempt from VAT. Duties on cars with a large engine capacity have also been increased, especially for vehicles the production year of which exceeds seven years. We are already seeing the results of the introduction of these benefits. In January-March this year, the number of new cars imported into the country increased by 1,300 units compared to last year. Of these, 1,200 are hybrid vehicles. Azerbaijan imported 14 electric vehicles in the first quarter of 2021, this figure reached 37 this year,” he said.

Last year 1,744 hybrid-engine cars were imported into Azerbaijan, this year this figure reached 3,000.