545.2 million manat of VAT has been refunded to consumers

• Over 29.6 million manat of VAT paid by consumers in retail trade, public catering, and medical activities has been refunded in Azerbaijan.
• More than 2.7 million users have registered on the edvgerial portal to claim a portion of the VAT paid on purchased goods.
• A total of 545.2 million manat of VAT has been refunded to consumers who registered on the portal by March 1, 2024.
• The “VAT refund” project has encouraged cashless payments in retail trade, public catering, and medical services, leading to a significant increase in cashless transactions in these sectors.
• The implementation of new generation control-cash machines (NKA) is ongoing in Azerbaijan, with over 97,000 online NKAs currently in use.
• The turnover recorded through new generation NKAs in January-February 2024 exceeded 3.5 billion manat, showing a 14.7% increase compared to the previous year.

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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