Azerbaijan's Cabinet of Ministers amends resolution concerning VAT

Azerbaijan's Cabinet of Ministers has amended the rules for accounting and payment of value-added tax (VAT), approved by a resolution dated December 30, 2007, Report informs.

The corresponding decision was signed by Prime Minister Ali Asadov.

According to the amendments, the requirement to include the details of the deposit account for VAT payment in electronic invoices issued by sellers to buyers, as well as in contracts, receipts, and checks issued by persons operating in housing construction, is canceled.

In addition, the obligation to indicate the details of the VAT deposit account in documents related to the sale of agricultural products in retail trade, as well as in payments by buyers for agricultural products exempt from VAT, is abolished.