- Citizens in Baku, Azerbaijan refunded part of VAT for cashless real estate purchases
- 16,329 applications received from citizens, with 8563 approved for payment of 34.6 million manat
- 2,597 applications received in the first six months of 2024, with 1802 approved for payment
- 1,398 information forms submitted by construction activities, with 917 approved
- Refund of VAT includes apartments purchased in a cashless manner through state mortgage loan
- Funds transferred to virtual account starting September 2023
- Rejection reasons include late application, incorrect payment data, payments by others, and failure to separate VAT and basic amounts
- Housing construction entities advised to submit information forms as per law
- Tax authorities conducting monitoring and analytical work
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.
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