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PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of July 12, 2016 No. 985

About approval of "Procedure for value added tax return for the goods acquired by foreigners and stateless persons in the territory of the Azerbaijan Republic not intended for production or commercial purposes"

(The last edition from 05-06-2017)

In development of the not oil sector which is one of the main priorities of national economy number of important achievements is in recent years reached. Diversification of economy as a result of the undertaken economic reforms, together with ensuring development of this area, was the reason of essential growth of its special weight in gross domestic product.

As continuation of these measures, further decrease to minimum of dependence of economy on oil revenues and its transformation into the competitive national economy which is based on development of not oil sector are determined as one of fundamental obligations.

For achievement of the specified purposes regular works based on the advanced international practice in the direction tourism development, not oil sector which is one of important areas and transformation of this sector into one of the leading industries of economy are carried out with the most effective use of favorable tourist capacity of the country.

As a result of the purposeful measures taken in the tourist sector during last period for development of this sector in Azerbaijan favorable conditions are created, integration into the international market of tourism is provided and resistance to the competition of national tourist complex is increased.

Reduction of tourist infrastructure in the country in compliance with the international requirements, expansion of its opportunities on entry into the traditional and new markets does necessary enhancement of state regulation in the direction of increase in competitiveness of the tourist sector, providing the price offer steady against the competition in this area.

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, for the purpose of increase in interest of foreign tourists in the country, ensuring duration of the accelerated development reached in the tourist sector in recent years and ensuring application in our republic of the "tax free" system which is widely used concerning foreign tourists in the international practice for strengthening of resistance to the competition, I decide:

1. Approve "Procedure for value added tax return for the goods acquired by foreigners and stateless persons in the territory of the Azerbaijan Republic not intended for production or commercial purposes" it (is applied).

2. To the Cabinet of Ministers of the Azerbaijan Republic:

2.1. to prepare and provide to two-month time to the President of the Azerbaijan Republic offers on coordination of acts of the President of the Azerbaijan Republic with this Decree;

2.2. in two-month time to provide coordination of regulatory legal acts of the Cabinet of Ministers of the Azerbaijan Republic with this Decree and to report on the President of the Azerbaijan Republic;

2.3. within fifteen days to approve single form of the electronic tax invoice provided in Item 5.3 of the Procedure approved by this Decree;

2.4. provide financing for creation of the infrastructure provided in this Procedure;

2.5. check coordination of regulatory legal acts of the central executive bodies with this Decree and in three-months time to report on execution of it on the President of the Azerbaijan Republic;

2.6. resolve other issues following from this Decree.

3. To provide to the Ministry of Justice of the Azerbaijan Republic coordination of regulatory legal acts and acts of normative nature of the central executive bodies with this Decree and to report on the Cabinet of Ministers of the Azerbaijan Republic.

4. To the ministry of taxes of the Azerbaijan Republic:

4.1. within fifteen days to determine the authorized bank (banks) provided in subitem 2.1.8 of the Procedure approved by this Decree with coordination with the Ministry of Finance of the Azerbaijan Republic;

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