The Tax Code of the Republic of Azerbaijan

Article 67-1. Taxation in the industrial or technology park
67-1.1. If a resident of the industrial or technology park will provide utility and other objects of taxation located in the industrial or technology park before the expiration of the grace period set forth in this Code:
67-1.1.1. to a new resident who has bought utility and other objects of taxation and pledged to begin production or continue the production of goods (works, services) in accordance with the existing investment project of the former resident, the tax benefits are granted within the remainder of this period;
67-1.1.2. to a new resident who has bought utility and other objects of taxation and pledged to organize the production of other types of goods (works, services) in accordance with the new investment project and to make investments in the amount of not less than the amount set by the relevant executive authority, tax benefits are granted for the full period provided for in this Code.
67-1.2. If a resident of the industrial or technology park provides utility and other objects of taxation located in this industrial or technology park after expiry of the grace period set forth in this Code:
67-1.2.1. to a new resident who has bought utility and other objects of taxation and continues to produce the goods (works, services) in accordance with the existing investment project of the former resident, the tax benefits are not available;
67-1.2.2. to a new resident who has bought utility and other objects of taxation and pledged to organize the production of other types of goods (works, services) in accordance with the new investment project and to make investments in the amount of not less than the amount set by the relevant executive authority, tax benefits are granted for the full period provided for in this Code.
67-1.3. If a resident of the industrial or technology park will create another production area in the industrial or technology park according to a new investment project, the tax benefits established by this Code, shall be calculated from the date of registration of the resident in the industrial or technology park on the new investment project in an order stipulated by the relevant executive authority. In this case, the tax benefits set out in this Code shall apply to the activities of the new investment project.
67-1.4. If during the period of application of tax benefits, the resident of industrial or technology park operates outside the industrial or technology park, it shall account for revenue and costs associated with these activities separately. In this case, a resident of the industrial or technology park shall pay taxes on the income from activities outside of the park, in the general procedure established by the Tax Code.
67-1.5. In the case provided for in Article 67-1.3 of this Code, during the period of application of tax benefits, the resident of industrial or technology park shall account for revenue and costs associated with the activities of other production area, established in the industrial or technology park under the new investment project separately.