She went on to say that the Baku Shopping Festival has the potential for development and will expand every year, as well as the Istanbul Shopping Festival.
The Baku Shopping Festival started on April 10 and will last until May 10. The shopping festival is being held with organizational support of Azerbaijan Congress Bureau under the Ministry of Culture and Tourism.
The event simultaneously covers several areas – trade, tourism, entertainment, fashion and culture.
The purpose of holding trade festivals is to increase the economic and tourist potential of Azerbaijan, stimulate the country’s trade turnover by encouraging entrepreneurship.
These festivals also provide for encouragement of the tax system, improvement of tax administration through the application of the VAT refund system for the goods not intended for production or commercial purposes and which were purchased by individuals during the trade festivals in Azerbaijan, the development of a system for servicing taxpayers.
During the festival, the Tax Free system will be applied for the first time regarding the citizens of Azerbaijan.
Besides intensified trade, the shopping festival will include various entertainment events, including fashion shows, concerts, theatre and cinema premieres, which makes the festival the real feast for people.
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