Azerbaijani President Ilham Aliyev has approved changed in the law on customs rates, which envisages exemption of machinery, technology, equipment and installations imported into the country by legal persons and individual entrepreneurs of customs duty and VAT, reads official web site of Azerbaijani President.
The entrepreneurs that received a document about investment encouragement at the Ministry of Economy could take advantage of these customs duties. The enterprises will be exempt from VAT and customs duty payment for seven years.