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Successful Implementation of VAT Refund Project Boosts Cashless Payments in Various Sectors

  • The “VAT refund” project has been successfully implemented
  • A total of 103 million manats of VAT paid for medical services provided by individuals engaged in retail trade, public catering, and medical activities, excluding oil and gas products, cars, alcoholic beverages, and tobacco products, has been refunded to consumers
  • The implementation of the “VAT refund” project has significantly increased cashless payments in retail trade, public catering, and medical services sectors
  • Additionally, a total of 11.169.2 million manats of VAT paid for residential and non-residential areas by individuals engaged in construction activities has been refunded within the framework of the “VAT refund” project from January to July 2024.

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.

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