An amendment to
Article 164.1.41-2 of the Tax Code of the Republic of Azerbaijan has extended the VAT exemption on electric vehicle chargers:
- Scope of Exemption: Import and sale of second-level and third-level electric energy chargers for electric vehicles.
- Updated Duration: The VAT exemption, effective from 2022, will now apply for 5 years instead of the previous 3 years.
This change will increase the demand and purchases of electric cars as suppliers will not have to bear VAT of 18%. Moreover, this will also increase the number of electric charging points for such cars.
In 2021, the number of imports of such cars was 160, in 2022 486, and in 2023 it was 3,102. This further highlights the big role exemption plays in trade.
| Year
| 2021
| 2022
| 2023
|
| Number of Electric cars imported |
160 |
486 |
3,102 |
References
https://e-qanun.az/framework/58130
