- Uzbekistan will introduce a zero VAT rate for farmers starting January 1, 2026, to encourage transparency and reduce the tax burden in the agricultural sector. This exemption applies to the sale of agricultural products like fruits, vegetables, meat, milk, and eggs, but excludes cotton and grain. Farmers can still reclaim VAT on production expenses, potentially gaining an additional 300 billion soums annually, with 400 billion soums refundable. The initiative aims to bring more of the sector out of the informal economy and support food production development.
Source: uzdaily.uz
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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