o‘g‘li, Zikirov Zafarjon Izzatullo (2026) Current State of Value Added Tax Revenues and Administration in the Republic of Uzbekistan: An Analysis. American Journal of Economics and Business Management, 9 (5). ISSN 2576-5973

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Abstract

The article analyses the dynamics and structure of value added tax (VAT) revenues in the Republic of Uzbekistan in 2019–2025 and the current state of VAT administration, with special attention to the formation and refund of the negative VAT difference (the excess of input VAT over output VAT). Official data of the Tax Committee, the Ministry of Economy and Finance and the Statistics Agency are used. The study applies time-series, structural and index analysis, including a rate-adjusted index of the implicit VAT base. The results show that VAT receipts grew 1.9 times in nominal terms, while their share in tax revenue declined from 28.5 to 20.2 per cent, mainly because of the two-step reduction of the standard rate (20→15→12 per cent); the rate-adjusted base expanded about 3.2 times. For enterprises administered by the Tax Inspectorate for Large Taxpayers, the negative VAT difference rose from 10.0 to 16.6 trillion soums in 2021–2024, while only 64–69 per cent of it was refunded within the year. Refund procedures remain lengthy (up to four months when a taxpayer disputes the audit report), although unjustified refunds made up only about 0.12 per cent of the refunded amount. The article proposes risk-based and data-driven directions for improving the refund mechanism.

Item Type:	Article
Uncontrolled Keywords:	Value Added Tax, Negative VAT Difference, VAT Refund, Tax Administration, VAT, Zero Rate, Desk Audit, Large Taxpayers, Risk-Based Control, Uzbekistan
Subjects:	H Social Sciences
Depositing User:	admin eprints
Date Deposited:	10 Oct 2026 04:40
Last Modified:	10 Oct 2026 04:40
URI:	http://eprints.umsida.ac.id/id/eprint/17156

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