Azerbaijan Extends VAT Exemption for Medical Services and Provides Exemption for Electric and Hybrid Vehicles

Azerbaijan has reportedly approved amendments to the Tax Code that extend the VAT exemption for the provision of medical services funded by the Compulsory Health Insurance Fund until 1 January 2023. Amendments have also been approved for the introduction of a VAT exemption on the import and sale of electric and hybrid vehicles in Azerbaijan for a period of three years beginning 1 January 2022. In the case of hybrid vehicles, qualifying vehicles must be less than 3 years old and engine displac…