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157.1 thousand manat was returned to the residents of Nakhchivan as part of the VAT BACK project

In the Nakhchivan Autonomous Republic, within the framework of the “Reclaim VAT” project, in the months of January-April 2023, more than 157.1 thousand manats were refunded to consumers on a total of 545,232 cashier’s checks, and in April of the current year, more than 52.6 thousand manats were refunded on 182,721 cashier’s checks. . Compared to January, there was a 3.9-fold increase in cashier’s checks and a 2.5-fold increase in the returned amount in April.It should be noted that currently 17.5 percent of the VAT paid in cash and 5 percent of the VAT paid in cash are returned to consumers.



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