- Uzbekistan has raised the threshold for switching to VAT and profit tax from 1 billion soums to 12,000 BHM, or about 4.944 billion soums, affecting all businesses under the turnover tax regime.
- A simplified optional 6% VAT regime has been introduced for trade, services, and public catering, but businesses do not switch to it automatically.
- If a business exceeds the threshold, it becomes liable for the standard 12% VAT and 15% profit tax from the date of the invoice that causes the limit to be exceeded.
- To switch to the 6% VAT regime, the taxpayer must notify the tax authorities, and the new regime starts from the first day of the following month.
- Experts note that the 5 billion soum figure may not fully apply in 2026 because the year is already partly over; official clarification is still needed.
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.
