Calculation of QQS Sum Amount for Unsold Goods in Taxpayer’s Balance Sheet

• The State Tax Committee of the Republic of Uzbekistan
• Question: Can the QQS sum be calculated based on the remaining goods if goods for industrial purposes, veterinary goods, and goods intended for medicine and veterinary medicine were imported without privileges (with QQS) on April 1, 2024, in the company’s account?
• If the QQS privilege is canceled, the taxpayer has the right to calculate the QQS sum based on the goods remaining in their balance within the last 12 months and the value of long-term assets in the balance.
• Reference: Tax Code Article 266

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.

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