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Successful Implementation of “VAT Refund” Project Continues with Innovative Mechanism

  • Implementation of the “VAT refund” project is successfully continuing
  • The project aims to refund a portion of VAT and determine real turnovers in the applied areas
  • In the period of January-August 2024, 116.4 million manats of VAT paid for medical services and goods from retail and public catering facilities were refunded to consumers
  • The scope of the project has been expanded to include refunds for VAT paid for construction activities in residential and non-residential areas
  • In the same period, 14.4 million manats of VAT paid for residential and non-residential areas were refunded in a non-cash manner

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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