Tax Committee reports threefold decline in growth of VAT payers in 2024

The sectors leading in growth rates are transportation, services, and information technology and communication.

The Tax Committee has published an overview of the dynamics in the number of value-added tax (VAT) payers for 2024.

As of September 1, the number of VAT payers in Uzbekistan reached 197,819, an increase of 4.9% compared to the same period in 2023, when there were 188,528 registered payers.

However, the overall growth was lower than in 2023, when it was 14.8%. Despite the slowdown, the number of VAT payers continues to steadily increase in key sectors.

The highest growth this year was seen in the following sectors:

Transportation – 13.5%
Services – 10.2%
Information technology and communication – 8.1%

Nevertheless, these sectors grew faster last year. For example, the information technology and communication sector showed a growth of 42.6% in 2023.

In Tashkent, the number of VAT payers increased by 8.8%, although this figure was higher in 2023 at 20%. Samarkand region saw a growth of 5.8% compared to 15.9% the previous year.

In addition, a recent tax audit revealed tax base concealment amounting to 5.7 trillion UZS. The audit was conducted in 1,367 companies, representing about 0.25% of all taxpayers.

The majority of concealed taxes — 69% — came from the trade and public catering sectors.

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