Tashkent, Uzbekistan (UzDaily.com) –– The Government Resolution approved the Regulation on the procedure for deferring the payment of value added tax for payers of value added tax when importing goods (works, services).

In accordance with the resolution, until 1 October 2020, the process of deferring VAT payment for VAT payers when importing goods (works, services) will be automated.

According to the Regulation approved by the resolution, in order to be able to extend the deadline for VAT payment, the taxpayer submits to the state customs service a statement and a document confirming the security of VAT payment.

The state customs service body within 5 working days makes a decision on granting or refusing to provide an opportunity to extend the deadline for VAT payment.

In case of refusal to provide the possibility of extending the period, the taxpayer will be notified in writing within 1 business day of the reasons for the refusal.

When providing the opportunity to extend the term, its amount and validity period are indicated.

For information, according to the Resolution of the President dated June 27, 2019 No. UP – 5755, when canceling the previously granted benefits, it has been established that mechanisms are used to provide VAT payers with a deferment in the payment of value added tax when importing goods (works, services) for up to 120 days in return for exemption from tax payment upon import of goods, as well as upon import of works (services).