Azerbaijan lowers customs duties and VAT to boost investments in green energy and bus manufacturing.

Azerbaijan's Parliament has approved draft laws reducing customs duties and VAT for various industries, including bus manufacturing and renewable energy equipment. These amendments, set to take effect January 1, 2025, aim to attract investments and support sectors like the green economy and public-private partnerships. The changes also include exemptions for bus manufacturing and renewable energy projects to boost local production and sustainable development.

November 27, 2024
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