Birbank’s opportunity to get back 30% of VAT on real estate continues

Always offering modern and innovative solutions to its customers, Birbank provides
a valuable opportunity for real estate owners. Individuals who purchase residential or
non-residential properties within the territory of the Republic of Azerbaijan can
receive a 30% VAT refund on the amount they have paid.

To qualify for the VAT refund, the buyer must make the payment in full and in a non-
cash form, then apply within 90 days. This service applies only to residential or non-
residential properties not exceeding 500 square meters and must be purchased from
housing construction cooperatives (MTKs). To benefit from this opportunity, it is

sufficient to register on the www.e-taxes.gov.az portal and submit the required
documents.

Thanks to this service, buyers can make additional savings when purchasing real
estate and reduce their financial burden. Additionally, customers have the chance to
transfer the collected VAT amounts to their Birbank cards via the Birbank app
without any commission or limits.

It should be noted that when the VAT refund on real estate is processed, a service fee
of 0.5% of the refunded amount is automatically deducted from the customer’s
account.

Birbank, known for delivering the latest digital innovations and banking products,
serves its customers through its mobile app with over 3 million active users, 119
branches, and 54 departments, making it the largest branch network in Azerbaijan.

Until 2025, the bank operated under the name Kapital Bank, the country’s first bank
and it’s a part of Pasha Holding. Kapital Bank continues its activities as a financial
institution. For more information about the bank’s products and services, you can
visit //birbank.az/ call the 196 Information Center, or reach out through the
bank’s various social media pages.