- From April 1, 2025, all pharmaceutical and medical service companies will become VAT payers regardless of income.
- Tax authorities will automatically generate VAT reports using online systems and internal and external data.
- This regulation will be implemented after amendments to the Tax Code.
- Current tax rules for pharmaceutical and medical service companies are based on income levels.
- Companies with income not exceeding 1 billion UZS pay turnover tax.
- Companies with income over 1 billion UZS pay VAT and profit tax.
- VAT rate is 12 percent, profit tax rate is 15 percent, and for social sector activities, the profit tax rate is 0 percent.
- Turnover tax rate is 4 percent.
- Tax rates for pharmacies selling wholesale and retail medicines vary by location.
- Cities with a population of 100,000 or more have a tax rate of 3 percent.
- Other settlements have a tax rate of 2 percent.
- Hard-to-reach and mountainous areas have a tax rate of 1 percent.
- Taxpayers can opt to pay a fixed amount of turnover tax.
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.
Latest Posts in "Uzbekistan"
- 18.5 Billion Soums in VAT Refunded to Tourism, Catering, and Agriculture Enterprises in Uzbekistan
- Uzbekistan Launches AI-Driven VAT Assessment Tool for E-Invoicing and Tax Risk Management
- Tax Calendar: Key Tax Reporting and Payment Deadlines for January and February 2026 in Uzbekistan
- In January, 0.3% of Taxpayers Underwent Desk Audits, Revealing 2.4 Trillion Soum Discrepancies
- Uzbekistan to Launch Automated VAT Refund System as Part of Tax Reforms by 2030
