VAT is 20 percent, sometimes reduced to 10 percent for foodstuffs and other selected products. VAT is sometimes subject to exemptions, often in connection with investment incentives. All Caspian Basin countries levy excise taxes on selected imports, usually luxury items or goods competing with a domestic industry that the government wishes to protect. Regulation Each country has individual regulations on such matters as company registration, tax registration, and a range of licenses for everything from use of a piece of medical equipment to drilling an oil well. Notarization of documents can also be a lengthy and detailed process.
Enforcement varies from country to country.