Successful implementation of “VAT Refund” project in Azerbaijan results in returning 140.3 million manat to consumers

• The “VAT refund” project implemented in Azerbaijan has yielded significant results in terms of transparency in the economy.
• From January to November 2023, a total of 140.3 million manat of VAT has been refunded to consumers.
• The VAT refund applies to goods purchased by individuals in retail trade, public catering, and medical activities, excluding oil and gas products, cars, alcoholic beverages, and tobacco products.
• In certain sectors, 17.5% of the VAT amount is refunded to consumers for non-cash payments, and 5% for cash payments by client banks.

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.