Tashkent, Uzbekistan (UzDaily.com) - A Presidential Resolution "On improving the administration of value added tax" was adopted.

According to the resolution, from 1 October 2021, the procedure for offsetting the amount of value added tax payable (paid) on actually received goods (services) used for exported goods will be established, regardless of the receipt of foreign exchange earnings on the taxpayer's accounts in the bank of the Republic of Uzbekistan.

This opportunity applies only to disciplined taxpayers who ensure the timely receipt of foreign exchange earnings for the past year and have no overdue receivables under export contracts.

In case of non-receipt of foreign exchange earnings or part of it to the exporter's account in commercial banks of the Republic of Uzbekistan within 180 calendar days from the date of release of goods in the customs regime of "export", the attributed amount of value added tax to the offset or its corresponding part is excluded from the offset in the prescribed manner.