- About 5,601 notifications were submitted and reviewed for switching to the simplified VAT (QQS) procedure in Uzbekistan.
- Of these, 4,913 were accepted, 352 were rejected for not meeting the criteria, and 336 were canceled by taxpayers.
- The simplified VAT regime applies to businesses mainly engaged in catering, trade, or services, excluding state-owned firms (50%+ state share) and large taxpayers.
- Taxpayers whose notifications were rejected can clarify their main activity with their assigned inspector and resubmit.
- Under the simplified regime, VAT is set at 6% on all sales turnover, but input VAT credit, certain benefits/refunds, and negative VAT balances do not apply.
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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