Number of VAT payers of Azerbaijan grew by 40%


August 7, Fineko/abc.az. The share of the cash mass in turnover in manats in terms of the transparency of the economy and turnover at the beginning of 2018 made up 60.1% and fell to 52.9% by the end of this June. That became possible thanks to the transparency and expansion of non-cash payments in the country, says the Jan-Jun report of the Azerbaijani Ministry of Taxes.

The report says that the process of legalization in the economy is manifested in the number of active taxpayers, including VAT payers and active facilities.

The number of VAT payers as of 1 July 2019 grew by 40% and the number of active facilities by 14% (compared with the 2018 same term).