- 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.
