BAKU, Azerbaijan, March 21. The turnover recorded through new-generation point-of-sale (POS) terminals in Azerbaijan's Nakhchivan Autonomous Republic reached 64.6 million manat ($37.9 million) from January through February 2025.
Data obtained by Trend from the State Tax Service indicates that this figure represents an increase of 10.1 percent compared to the same period last year.
It was noted that the implementation of the "VAT Refund" mechanism, an innovative project aimed at partially returning VAT, continues to successfully operate in Nakhchivan. So far, more than 2.5 million manat ($1.4 million) in VAT has been refunded to consumers under the project.
The amount refunded to consumers in the first two months of this year has increased by 14 percent compared to the same period last year, reaching 242,200 manat ($142,470).
