. In Azerbaijan, three months after the start of the Tax Free system, 3,262 foreign tourists benefited from it, said the head of the Directorate for Tax Policy and Strategic Research of the Ministry of Taxes Samira Musayeva.
At the presentation of the Tax Free electronic system in Azerbaijan Musayeva noted that tourists were reimbursed VAT in the total amount of 487,400 AZN.
According to her, most of all the system Tax Free was enjoyed by tourists from the Middle East. "1,754 people refunded the VAT of 245,800 AZN were tourists from the Middle East, 930 tourists from Europe were returned 161,200 AZN, and 503 tourists from Asian countries were returned 70,000 AZN. AZN 10,400 was returned to tourists from other countries.
Note that the original system was introduced at international airports of the country. The Taxes Ministry announced that in the future it is planned to use at all the border checkpoints. ----71B
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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