VATupdate

Share this post on

Mutual Offset of VAT Payments by Large Taxpayers through Tax and Customs Authorities

  • The State Tax Committee of Uzbekistan has implemented a mechanism for mutual accounting with the Customs Committee to offset excess payments of QQS amounts made by large taxpayers.
  • As a result, 119 organizations have utilized this opportunity and 1.6 trillion UZS of excess VAT payments have been offset against customs declarations.
  • This has allowed for the expedited customs clearance of goods without additional costs for these organizations.

Source: facebook.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements: