- Azerbaijan’s State Tax Service will count only 50% of cashless POS sales toward the VAT registration threshold starting in 2026.
- This effectively doubles the VAT registration threshold to AZN 400,000 for businesses using only electronic payments, while the threshold for cash transactions remains at AZN 200,000.
- The change aims to encourage cashless payments and increase transparency in business transactions.
- The amendments are part of broader efforts to combat the shadow economy and were approved by Azerbaijan’s parliament as changes to the Tax Code.
Source: regfollower.com
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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