Customs duty on import of art works increased tenfold
Since January 1, 2018 customs duties on import of art works, collections and antiques will be changed.
This was reflected in the “Commodity Nomenclature of Foreign Economic Activity, Rates of Import and Export Customs Duties” approved by the Cabinet of Ministers.
Currently, customs duty for the import of art works makes up 0.50% of customs value of these works. This amount will increase by tenfold to 5% from January 1, 2018.
At the same time, customs duty for import of collections and antiques will be cancelled.
Subscribe
Related news releases
20.04.2018State Service for Antimonopoly Policy and Consumer Protection removed subordination of Azerbaijan’s Economy Ministry
20.04.2018Azerbaijan’s State Committee on Standardization, Metrology and Patents liquidated
20.04.2018Azerbaijan-based insurers ranking for short-term liablities
20.04.2018Azer-Turk Bank ends Q1 on profit
20.04.2018Azerbaijan-based insurers ranking for long-term liabilities
20.04.2018Azerbaijan-based insurers ranking for short-term assets
20.04.2018Azerbaijan-based insurers ranking for long-term assets
20.04.2018Central Bank of Azerbaijan to attract AZN 350M
20.04.2018Azerbaijan-based insurers ranking for expenditures
20.04.2018Azerbaijan-based insurers ranking for revenues
20.04.2018Azerbaijan-based insurers ranking for profit
20.04.2018Azerbaijan-based insurers ranking for authorized capital
20.04.2018Azerbaijan-based insurers ranking for total capital
20.04.2018Azerbaijan-based insurers ranking for liabilities
20.04.2018Azerbaijan-based insurers ranking for assets
20.04.2018Official Exchange Rates
19.04.2018Minister: Hosting Expo 2025 would cost 765mln euros
19.04.2018Azerbaijan Industry Bank sees rise in total capital
19.04.2018Azerbaijan-based insurers ranking for premiums growth rate
19.04.2018Azerbaijan-based insurers ranking ratio of payments to premiums
19.04.2018Azerbaijan-based insurers ranking for market share of payments
19.04.2018Azerbaijan-based insurers ranking for market share of premiums
19.04.2018Azerbaijan-based insurers ranking for payments
19.04.2018Azerbaijan-based insurers ranking for premiums
19.04.2018Azerbaijan-based 21 insurers’ premiums exceed AZN 193M
19.04.2018Nakhchivan Bank increases liabilities
19.04.2018Trade turnover between Azerbaijan and Georgia exceeds $270M this year
18.04.2018Iran refuses USD in international settlements
18.04.2018USD rate for tomorrow announced
18.04.201849% of SOFAZ investment portfolio is in USD
18.04.2018Gunay Bank increases assets by 53%
18.04.2018Bank of Baku gets decline in liabilities
18.04.2018SOFAZ earns AZN 4.4B in Q1
18.04.2018IMF: Current account balance to make up 5.6% of GDP in Azerbaijan this year
18.04.2018Foreign companies and organizations direct more than $1.3B to fixed capital
18.04.2018Minister: Azerbaijan invested $1.2B in Switzerland
17.04.2018Personal incomes rise by 9.8% in Azerbaijan
17.04.2018Azerbaijan sees 2.3% growth in economy in Q1
17.04.2018Azerbaijan to reduce tax burden on small and medium business
17.04.2018CEO: Central Bank of Azerbaijan sold sufficient cash to banks
28.12.2017Official Exchange Rates
28.12.2017Minister: Manat rate will rise
28.12.2017Finance Minister: Teachers’ salary will increase
27.12.2017AZN 12.3B directed to socio-economic development of Baku this year
27.12.2017Yapi Kredi Bank Azerbaijan CEO steps down
26.12.2017Azerbaijani president signs order on enactment of law on level of need criteria for 2018
Top news of the day
Close
No appointments for some posts in new gov’t, some officials remain in place - LIST
Novruz Mammadov relieved of his duties Assistant to the Azerbaijani President for Foreign Policy Issues – head of department
Abid Sharifov, Elchin Afandiyev, Ismat Abasov relieved of their duties
President Aliyev approves new composition of Cabinet of Ministers
Hajibala Abutalibov relieved of his duties as Baku mayor
