Azerbaijan’s tax chief comments on meat prices

“The tax rate for income and profit taxpayers in the agricultural sector has been cut from 20% to 2%.”

Orkhan Nazarli, head of the State Tax Service, made the remarks during a discussion of proposed amendments to the Tax Code and several other laws at a meeting of the Milli Majlis (National Assembly) Committee on Economic Policy, Industry and Entrepreneurship, Operative Information Center-OMM reports.

The service chief also commented on meat prices:

“Since agriculture is the issue most widely discussed and raised, I would like to start with it. I referred to the agricultural sector in connection with rising meat prices. A VAT exemption will apply to imports. We do not see any particular risks.”