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NKR: Tax Allowances Foster Development Of Agriculture

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  • NKR: Tax Allowances Foster Development Of Agriculture

    TAX ALLOWANCES FOSTER DEVELOPMENT OF AGRICULTURE
    Srbuhi Vanian

    Azat Artsakh, Nagorno Karabakh Republic [NKR]
    25 May 2006

    Speaking about the tax policy on agriculture, an NKR State Tax Agency
    official said it is designed to foster development of agriculture. The
    policy provides for tax allowances to promote agribusiness. Producers
    and processors of agricultural production, as well as traders in
    chemicals, pesticides, fertilizers, seeds and seedlings are exempt
    from VAT. Taxpayers of certain categories are exempt from the profit
    tax and the tax on land. Families immigrating to NKR do not pay the
    tax on land for five years. Agricultural and forestry engineering
    organizations, research and test stations of educational institutions
    are granted a 50 percent allowance for tax on land they use for
    scientific tests. In answer to our question whether the taxpayers of
    this sector ever lodge complaints with the tax agency we were told
    that the agency has not received any letters of complaint so far.
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