- A new proposal offers a significant benefit for catering businesses by refunding 40% of paid VAT to their accounts, regardless of the share of cashless turnover.
- From January 1, 2025, part of the VAT will be returned as “cashback” to catering businesses.
- If at least 60% of monthly turnover is cashless, 40% of VAT is refunded.
- If less than 60% of turnover is cashless, 20% of VAT is refunded as cashback.
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"
- Negative VAT Difference Treatment When Switching to Simplified VAT Regime
- VAT Negative Difference on Transition to Simplified VAT: What Happens?
- VAT Cashback Returned Regardless of Stability Rating
- Uzbekistan Expands Tax Rules for Digital Services and E-Commerce
- Simplified VAT: Zero Rate Not Applicable to Export Operations
