Individuals buying property through cashless payments received nearly AZN 29.8 million in VAT refunds in January-October. The exact total was AZN 29,792,300, according to the State Tax Service.
The figures cover purchases of residential and non-residential premises from developers, with refunds processed through authorised banks.
This is a separate property-related measure, not the aggregate VAT cashback total for everyday shopping. AZN 29.8 million represents payments to buyers, rather than the value of the properties or a refund percentage.
For a buyer, the important distinction is between the property’s price and the amount potentially eligible for reimbursement. A cashless payment alone is not enough to calculate the expected refund for an individual purchase: the transaction documents and applicable programme conditions must also be considered.