Tashkent, Uzbekistan (UzDaily.com) -- The Ministry of Finance is carrying out a number of measures for the unconditional fulfilment of the objectives set by the President of the Republic of Uzbekistan at the meeting held on 27 July 2020 to discuss the reduction of the shadow economy and the prevention of corruption; as well as Cabinet of Ministers Decision № 522 of 25 June 2019 "On measures to improve the use of electronic form invoices in the charge-back system".

The document provided the implementation of an electronic billing system for all economic entities in the country on a voluntary basis since 1 July 2019 , and on a mandatory basis since 1 January 2020. Therefore, the Ministry has launched system of electronic document exchange «Uzasbo Faktura» (https://invoice.uzasbo.uz), the official operator of which is the State Tax Committee.   

The Principles of Public Procurement through this system stipulate that budget organizations and budget recipients, incurring expenditures on goods (jobs, services), shall cooperate with their suppliers without human intervention, by using electronic invoicing. The charge-back mechanism is automated.

The system is designed to meet modern requirements, is very simple for users and has a number of features, including:

1) Exchange of electronic invoices between organizations;

2) Exchange of electronic acts;

3) Exchange of electronic powers of attorney;

4) Electronic documents status clarification through special bot in the Telegram messenger;

5) Ability to obtain various reports on the completed transactions of documents in the system from users;

6) Importing documents with Excel extension into the system;

7) Printing of electronic documents, as well as a number of other possibilities.

To date, payments through electronic invoices has been ensured between organizations. In the future, it is planned to integrate this into information system for the management of public funds of the Ministry of Finance. Institutions of the entire budgetary system of payments to suppliers of goods (works, services) are going to cooperate only through electronic invoices without acceptance of such invoices in hard copy in accordance with the above regulation.

The need for such system nowadays is obvious. It serves to reduce human dimension, strengthening control and transparency, facilitating the work of staff, and ensuring that each operation is carried out rapidly during the budget implementation.  It also has a plug-in for the 1S system, which is widely used in accounting.

Now the process of registration in electronic document exchange system «Uzasbo Faktura» is under way. Budget organizations, budget recipients and suppliers of goods (works, services) may address their questions on this subject to the Information and Computing Centre and the Treasury, Ministry of Finance.