Cybernet builts a new electronic system for refunding VAT
Cybernet had built an electronic system for Tax-free, and got a patent for it. This system automates the process of refunding value-added tax (VAT) for goods purchased by foreign tourists in Azerbaijan.
The system is already operating at Heydar Aliyev International Airport, and in the near future it is planned to implement it at all other checkpoints of the country. The Tax-free system is widely distributed and implemented in more than 100 countries around the world.
Automation of VAT refund to foreign tourists through the Tax-Free system will contribute to increasing trade turnover and strengthening competitiveness, as well as attracting a greater flow of tourists to our country.