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Discounts will be applied for the development of medical tourism
Discounts will be applied for the development of medical tourism
The draft law “On Amendments to the Tax Code of the Republic of Azerbaijan” was adopted in the third reading at the plenary session of the Milli Majlis held yesterday. One of the important amendments to the Tax Code in the direction of promoting the investment climate and entrepreneurial activity and reducing the tax burden of entrepreneurial entities is related to the refund of VAT in the tax-free regime for medical services provided to foreigners and stateless persons.
According to the amendment, it is envisaged to refund the full amount of VAT paid on non-cash payments for medical services provided to foreigners and stateless persons. This amendment aims to stimulate the development of medical tourism in the country and attract foreign currency to the country.
The draft law “On Amendments to the Tax Code of the Republic of Azerbaijan” was adopted in the third reading at the plenary session of the Milli Majlis held yesterday. One of the important amendments to the Tax Code in the direction of promoting the investment climate and entrepreneurial activity and reducing the tax burden of entrepreneurial entities is related to the refund of VAT in the tax-free regime for medical services provided to foreigners and stateless persons.
According to the amendment, it is envisaged to refund the full amount of VAT paid on non-cash payments for medical services provided to foreigners and stateless persons. This amendment aims to stimulate the development of medical tourism in the country and attract foreign currency to the country.