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Simplified VAT Calculation Introduced for Agriculture to Triple Trade Turnover by 2027

    A simplified VAT calculation procedure will be introduced in agriculture, as per a presidential decree. The main goal is to triple the official turnover in agriculture by 2026-2027. From January 1, 2026, a “zero” VAT rate will be applied to the sale of agricultural products, and VAT refunds will be automated within three days. An automated system will analyze electronic invoices in real-time based on risk levels, ensuring high-risk invoices do not exceed 10% of total invoices.

Source: kun.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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