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Azerbaijan increases refundable part of VAT paid by bank transfer

Since 2023, Azerbaijan plans to raise the refundable part of the value added tax (VAT) paid non-cash from 15% to 17.5%.

 

This is provided in the proposed additions and changes to the Tax Code.

 

Instead, it is planned to reduce the refundable part of VAT paid in cash from 10% to 5%.

 

Source: Turan News Agency