Tokyo, 19 March, /AJMEDIA/
Over 400 million manat ($235.2 million) have been returned to consumers since the start of the project to refund part of the VAT (Value Added Tax) in Azerbaijan, Trend reports via the State Tax Service under Azerbaijan’s Ministry of Economy.
Only from January through February of this year, more than 24.7 million manat ($14.5 million) were returned to consumers.
In order to receive a refund of a certain part of VAT, the consumer, that is, the party making the purchase or using the service, must be an individual, and the seller or the party providing the service must be a VAT payer.
In 2022, more than 68.4 million manat ($40.2 million) of VAT were returned to consumers for non-cash purchases of goods or services.
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