- Azerbaijan has approved a privilege in connection with the VAT cash-back mechanism
- The amendment to the Tax Code was discussed and approved at a meeting of Azerbaijan’s Milli Majlis
- The income received under the VAT cash-back mechanism will not be taxed
- Tax on these incomes was not applied in 2023 and previous years
- The legal basis for exempting these incomes from tax is being formed
- The VAT cash-back mechanism refunds a percentage of VAT paid in various sectors
- The amendment was approved in the third reading after discussion.
Source: en.trend.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.
