Tourists in Azerbaijan get over 490K manats via Tax Free
Baku, Azerbaijan, Nov. 3
By Azad Hasanli – Trend:
Since July 2016, tourists from 59 countries have received 492,600 manats back via Tax Free system in Azerbaijan, says the article published in the official newspaper of the country’s Tax Ministry.
The total price of goods from which VAT was withheld amounted to 4.85 million manats.
Currently, Tax Free system operates in all international airports of Azerbaijan. It is expected that in the future, this system will start operating at all check points of the country.
As many as 204 various stores are connected to Tax Free system in Azerbaijan.
Foreign citizens can benefit from Tax Free system, if the cost of purchased goods per one e-tax invoice is not less than 300 Azerbaijani manats, including VAT. The goods should be taken out of Azerbaijan’s territory within 90 days from the date of purchase.
Standard VAT rate in Azerbaijan is 18 percent. Regardless of the transfer method, foreign citizens will be refunded the amount of VAT paid for the purchased goods after withholding 20 percent service fee.
Tax Free doesn’t apply to excisable goods, food products, medicines and medical equipment, the goods which are of a special value for preservation of cultural heritage and considered as the country’s cultural and historical valuables, products the sale of which is exempt from VAT in the country, the goods the export of which requires a license, the frameless, raw or unsorted precious stones, precious metals in the form of ingots, the goods exported from Azerbaijan without accompaniment, vehicles and spare parts, the goods exported via mail or internet services.