Azerbaijan Mandates Cashless VAT Payments for High-Volume Taxpayers and Municipal Collections

• Azerbaijan changes rules for cashless VAT payments for certain taxpayers
• Taxpayers with taxable transactions over 200,000 manats in a month must make non-cash payments for settlements exceeding 2 percent of the previous month’s turnover
• Change applies to trade and public catering activities
• Other taxpayers must make non-cash payments for settlements over 15,000 manats in a month
• Payments to municipalities will be monitored for non-cash compliance
• If 2 percent of the previous month’s turnover is less than 30,000 manats, non-cash payments are required for settlements over 30,000 manats
• If this indicator exceeds 50,000 manats, non-cash payments are required for settlements over 50,000 manats
• Legal Department to submit decision to Ministry of Justice for legal inclusion within 3 days

Source: report.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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