(MENAFN- Trend News Agency) Details added (first published: 11:19)
BAKU, Azerbaijan, March 15. The issue
of consumer protection is under strict control in Azerbaijan,
Deputy Minister of Economy of Azerbaijan Sahib Mammadov said at the
conference themed 'The role of state bodies in protecting consumer
rights,' trend reports.
According to him, economic development and
institutional reforms are among the factors contributing to the
strengthening of consumer protection.
'The quality of services provided by state bodies has
also improved significantly. A very wide range of measures is being
implemented as part of the consumer protection,' Mammadov said.
He noted that the VAT refund mechanism is also one of
the main tools for protecting consumer rights.
'The return of part of the VAT since 2020 has had a
significant impact on this area. Previously, when returning or
exchanging goods, consumers could face problems with lost checks,
but now uploading checks to banking applications makes it easier to
prove the purchase,' Mammadov added.
At the end of last year, Azerbaijan increased the VAT
refund for cashless payments. This issue was discussed at the
Azerbaijani Parliament's meeting on December 9.
The relevant draft proposes to reduce VAT refund
during cash transactions from 10 to 5 percent and increase it from
15 to 17.5 percent for cashless payments in order to promote
non-cash transactions. The bill was put to the vote and adopted in
the third reading.
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