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Reimbursement of 1.2 Million Manat VAT to Consumers in Nakhchivan under “VAT Refund” Project

  • The State Tax Service of the Ministry of Economy of the Nakhchivan Autonomous Republic continues to implement new generation control-cash register devices (NKA).
  • As of April 1, 2024, there were 3,222 new generation NKAs installed in the autonomous republic.
  • From January to March, transactions recorded through these NKAs amounted to 91.4 million manat, which is 3.3 times higher than the same period in 2023.
  • As part of the “VAT refund” project, consumers were refunded 1.2 million manat in VAT on April 1 this year.
  • The amount refunded to consumers in the first quarter of this year increased by 3 times compared to the same period last year, reaching 319.2 million manat.

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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