- The implementation of the “VAT refund” project has increased the attractiveness of cashless payments
- In January-May 2024, VAT amounting to 74.02 million manats paid for goods and services in retail trade, food establishments, healthcare facilities, and private medical practices was refunded to consumers
- The special emphasis on cashless payments in retail trade, food, and medical services sectors has significantly increased as a result of the “VAT refund” project
- Additionally, the volume of VAT refunded within the framework of the “VAT refund” project for residential and non-residential areas paid in a non-cash manner by individuals engaged in construction activities on the country’s territory amounted to 8.169.2 million manats in January-May.
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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