Vehicle Recycling Fund
Vehicle Recycling Fund was established by the Decree No. 4279 of the President of the Republic of Azerbaijan, dated January 27th, 2024.
The Fund is a special purpose budget fund established within the state budget and is formed from the following sources.
- fees on vehicle owners;
- loans and grants;
- voluntary donations from legal and physical entities;
- allocations from international organizations and other donors;
- other sources not prohibited by law.
The resources of the Fund may be used for the following purposes:
- one-time payments to the applicants who have submitted their vehicles for recycling;
- reimbursement to sellers for the discount amounts when newly manufactured domestic vehicles are sold at a discount, based on confirmatory documents;
- organization and provision of the execution of functions related to the recycling of vehicles as prescribed by law.