- Azerbaijan has successfully implemented the “VAT Back” project, which has significantly contributed to the transparency of the economy.
- In the first 9 months of 2023, 112.6 million manat of VAT paid for goods and services purchased by consumers in the country has been refunded.
- To date, nearly 2.4 million users have registered on the “edvgerial” portal to receive a portion of the VAT paid for purchased goods.
- From the start of the project until October 1, 2023, a total of 474.1 million manat of VAT has been refunded to registered consumers, based on more than 1.2 billion cash receipts.
- The “VAT Back” project has significantly increased cashless payments in the retail trade, public catering, and medical services sectors.
- The country is also continuing to implement new generation cash register devices (NKA), with over 93,000 online NKAs currently in use.
- From January to September 2023, the turnover recorded through new generation NKAs exceeded 16.1 billion manat, an increase of 15.6% compared to the same period last year.
Source: taxes.gov.az
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
