. 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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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