BAKU, Azerbaijan, August 10. Azerbaijan
refunded 20.0163 million manats (about $11.77 million) in
value-added tax (VAT) to individuals who purchased residential and
non-residential property through cashless transactions in
January-July 2026.


The State Tax Service under the Ministry of Economy said the VAT
refund program for property purchases continues to be successfully
implemented.


“During January-July 2026, the amount of VAT refunded by
authorized banks on cashless purchases of residential and
non-residential property amounted to 20.0163 million manats (about
$11.77 million),” the statement said.


Overall, 11.4741 billion manats (about $6.75 billion) in taxes
were collected for Azerbaijan's state budget through the State Tax
Service under the Ministry of Economy in January-July 2026,
exceeding the forecast by 848.1 million manats (about $499
million).


Tax revenues increased by 913.3 million manats (about $537.2
million), or approximately 8.6%, compared with the same period in
2025.







Tax revenues from the non-oil and gas sector amounted to 8.4888
billion manats (about $4.99 billion), with an additional 251.8
million manats (about $148.1 million) collected above the forecast.
Compared with the same period in 2025, tax revenues from the sector
increased by 898.4 million manats (about $528.5 million), or
11.8%.


Mandatory state social insurance contributions amounted to
4.0373 billion manats (about $2.37 billion) in January-July 2026,
exceeding the forecast by 229.4 million manats (about $134.9
million). Contributions from non-budget organizations exceeded
2.6872 billion manats (about $1.58 billion).


During the same period, unemployment insurance contributions
amounted to 143.5 million manats (about $84.4 million), exceeding
the forecast by 6.8 million manats (about $4 million).
Contributions from non-budget organizations amounted to nearly
110.2 million manats (about $64.8 million).


Mandatory health insurance contributions amounted to nearly
606.8 million manats (about $356.9 million), exceeding the forecast
by 15.6 million manats (about $9.2 million). Contributions from
non-budget organizations amounted to nearly 402.4 million manats
(about $236.7 million).