330x110
 

Economy Ministry: Mechanism for return of a certain part of VAT defined

04.05.2020,12:57


May 4, Fineko/abc.az. Elchin Mammadov, the head of the Main Department of the State Tax Service under the Ministry of Economy, commented on the issue of returning part of VAT paid for goods purchased at retail or catering facilities.

ABC.AZ reports that Mammadov explained the following: "The mechanism for returning a certain part of VAT has been defined. As part of the work carried out in this area, the solution of technical and legal issues is being completed. Already in agreement with the relevant governmental agencies, an authorized bank to be will be involved in the process of returning a certain part of VAT has been defined - Kapital Bank. The preparation of a special portal has also been finished (www.edvgerial.az) with an information system that registers consumer requests for VAT refunds for purchased goods, and defines a mechanism for returning a certain part of VAT."