- The implementation of the “ƏDV geri al” project continues successfully
- This innovative project involves the partial refund of VAT paid on purchases from retail and public catering businesses excluding oil, gas, automobiles, alcoholic beverages, and tobacco products as well as medical services provided by medical institutions and private medical practitioners
- From January to November 2024, a total of 160 million 277.7 thousand manats of VAT has been refunded to individual consumers
- The project has significantly increased the proportion of cashless payments in retail, catering, and medical services sectors
- Additionally, the scope of the “ƏDV geri al” project has been expanded to include VAT refunds on cashless purchases of residential and non-residential spaces from entities engaged in construction activities within the country
- During the same period, more than 21 million 301.7 thousand manats of VAT paid on these cashless transactions for residential and non-residential spaces have been refunded
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.
