- Successful continuation of the project for the return of a portion of VAT paid for non-cash transactions in residential and non-residential areas
- Over 14,000 applications have been submitted through the portal, with 7,457 approved for payment totaling 28.6 million manats
- 1,160 information forms submitted by individuals involved in building construction activities, with 749 approved and 401 rejected
- Refunded funds will be transferred to the individual’s virtual “VAT refund” account in their bank from September 13, 2023
- Cases leading to rejection of applications include not applying within 90 days of the last payment, incorrect e-invoice information, payments made by others, and separate payments for VAT and principal amounts
- Tax authorities recommend individuals involved in building construction to submit information forms in accordance with legislation, with monitoring and analysis conducted by tax authorities.
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.
