(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 23. Azerbaijani MP
Vugar Bayramov proposed to increase the amount of VAT refund on
non-cash transactions from 15 to 20 percent at the meeting of
Parliament's Committee on Economic Policy, Industry and
Entrepreneurship, trend reports on November 23.
According to Bayramov, in order to stimulate non-cash
transactions, it's planned to reduce the amount of VAT refund from
10 to five percent for cash transactions and increase it from 15 to
17.5 percent for non-cash transactions.
The MP also noted that increasing the amount of VAT refunds on
non-cash transactions to 20 percent would further stimulate
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