How will VAT paid for real estate be refunded?

27.05.2022,15:18


May 27, Fineko/abc.az. The rules for the refund of 30% VAT paid by individuals during the purchase and sale of real estate will relate only to apartments bought from persons engaged in construction activities, ABC.AZ reports, citing tax expert Anar Bayramov.

The obligation to refund VAT is reflected in the Conditions & Procedure for the refund of VAT paid by consumers-individuals for residential & non-residential premises bought in cashless form from persons engaged in construction activities, approved by President Ilham Aliyev on 25 May.

According to the expert, it is necessary to settle some issues related to the new rule.