BAKU, Azerbaijan, September 26. A draft legislation on
rising the variety of VAT refunds to shoppers has been despatched to
the Cupboard of Ministers of Azerbaijan, Deputy head of State Tax
Service beneath the Ministry of Financial system Samira Musayeva advised Development.

“The draft legislation defines guidelines associated to the rise of the
variety of VAT refunds to shoppers,” she stated.

Through the assembly of Azerbaijani Parliament’s (Milli Majlis)
Committee on Financial Coverage, Trade and Entrepreneurship
Musayeva acknowledged that it is deliberate to extend the variety of VAT
refunds to shoppers subsequent yr.

She confused that the aim of this was to encourage cashless
funds.

At the moment, the quantity of the VAT refund is 15 p.c for
cashless funds and 10 p.c for money funds.

Greater than 305.5 million manat ($179.7 million) was returned to
shoppers registered on the ‘ƏDV geri al’ portal for 732.1 million
money receipts till September 2022. And greater than 133.6 million
manat ($78.5 million) was returned on 303.8 million money receipts
solely from January via August 2022.