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What transaction volume of taxpayers requires them to make cashless payments?
What transaction volume of taxpayers requires them to make cashless payments?
We inform you that, according to Article 3.3 of the Law of the Republic of Azerbaijan on "Cashless Settlements," and taking into account the provisions of Article 3.5 of this Law, taxpayers registered for VAT purposes and those whose taxable operations exceed two hundred thousand manat in any month of a consecutive 12-month period, who engage in public catering activities, must make payments for settlements exceeding thirty thousand manat within a calendar month, and other taxpayers must make payments for settlements exceeding fifteen thousand manat in a calendar month only via cashless methods.
Taxpayers registered for VAT purposes and those whose taxable operations exceed two hundred thousand manat in any month of a consecutive 12-month period, who engage in public catering activities, must make payments via cashless methods if the total amount within a calendar month exceeds 2% of the turnover (including VAT) for goods, works, and services provided in the previous calendar month. For other taxpayers, payments for settlements exceeding fifteen thousand manat within a calendar month must also be made via cashless methods.
According to the amendment to the Law, if 2% of the turnover for goods, works, and services provided in the previous calendar month (including VAT) is less than thirty thousand manat, payments for settlements exceeding thirty thousand manat within a calendar month must be made via cashless methods. If 2% of the turnover for goods, works, and services provided in the previous calendar month (including VAT) exceeds fifty thousand manat, payments for settlements exceeding fifty thousand manat within a calendar month must also be made via cashless methods.
We inform you that, according to Article 3.3 of the Law of the Republic of Azerbaijan on "Cashless Settlements," and taking into account the provisions of Article 3.5 of this Law, taxpayers registered for VAT purposes and those whose taxable operations exceed two hundred thousand manat in any month of a consecutive 12-month period, who engage in public catering activities, must make payments for settlements exceeding thirty thousand manat within a calendar month, and other taxpayers must make payments for settlements exceeding fifteen thousand manat in a calendar month only via cashless methods.
Taxpayers registered for VAT purposes and those whose taxable operations exceed two hundred thousand manat in any month of a consecutive 12-month period, who engage in public catering activities, must make payments via cashless methods if the total amount within a calendar month exceeds 2% of the turnover (including VAT) for goods, works, and services provided in the previous calendar month. For other taxpayers, payments for settlements exceeding fifteen thousand manat within a calendar month must also be made via cashless methods.
According to the amendment to the Law, if 2% of the turnover for goods, works, and services provided in the previous calendar month (including VAT) is less than thirty thousand manat, payments for settlements exceeding thirty thousand manat within a calendar month must be made via cashless methods. If 2% of the turnover for goods, works, and services provided in the previous calendar month (including VAT) exceeds fifty thousand manat, payments for settlements exceeding fifty thousand manat within a calendar month must also be made via cashless methods.