Successful Implementation of “VAT Refund” Project Returns Over 176 Million Manat to Consumers in 2024

• In 2024, over 176 million manat has been returned to consumers under the “VAT Refund” project
• The implementation of the innovative mechanism “VAT Refund” is successfully continuing
• VAT paid for goods from retail trade, public catering, medical services, and certain other items has been refunded to consumers
• Cashless payments have significantly increased in retail trade, catering, and medical services sectors
• The scope of the “VAT Refund” project has been expanded to include refunds for construction activities in residential and non-residential areas
• Over 26 million manat has been refunded for VAT paid in residential and non-residential areas in 2024

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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