VATupdate

Share this post on

Azerbaijan Introduces Tax-Free VAT Refunds for Foreigners’ Medical Services

  • Azerbaijan will implement tax-free VAT refunds for medical services provided to foreigners and stateless persons
  • The amendments to the Tax Code were approved by President Ilham Aliyev
  • VAT refunds will be processed according to procedures set by the relevant executive authority
  • The initiative aims to promote medical tourism and attract foreign currency
  • Similar VAT exemption practices are observed in several other countries
  • The law is set to be effective from January 1, 2025
  • The draft law was approved in the third reading

Source: en.apa.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.

Sponsors:

Advertisements: