VATupdate

Share this post on

VAT Refunds in Nakhchivan Reach 3.3 Million Manats, Increasing Transparency and Control

  • In Nakhchivan, approximately 3.3 million manats of VAT have been refunded to consumers.
  • The VAT refund mechanism applies to goods purchased from retail and catering businesses, excluding oil, gas, vehicles, alcoholic beverages, and tobacco products.
  • The mechanism also applies to medical services provided by medical institutions and private practitioners.
  • The VAT refund project, “Get VAT Back,” is successfully implemented in the Nakhchivan Autonomous Republic.
  • From January to July this year, the refunded amount increased by 23 percent compared to the same period last year, reaching 984.8 thousand manats.
  • The use of new generation cash registers has improved transaction transparency, prevented illegal circulation of goods, and ensured control over turnover.
  • In January to July 2025, the turnover recorded through new generation cash registers in Nakhchivan exceeded 274 million manats, a 21.1 percent increase compared to the same period last 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.

Sponsors:

VATIT Compliance

Advertisements:

  • Exchange Summit