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

“Determine that the opportunity provided for in paragraph 1 of this resolution applies to disciplined taxpayers who ensure the timely receipt of foreign exchange earnings for the past year and do not have 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 VAT to the offset or its corresponding part is excluded from the offset in the prescribed manner,” the document says.

Additionally, starting from January 1, 2022:

- the mandatory requirement for a separate application to the tax authorities for the refund (refund) of the negative amount of value added tax is canceled;
- a taxpayer, when submitting tax returns for the relevant tax period, has the right to apply for a refund of a negative VAT amount, notifying the tax authorities.

The State Tax Committee was instructed, within three months, to make appropriate changes and additions to the forms of tax reporting on VAT, providing for taxpayers to apply to tax authorities for refund of a negative VAT amount.

The Ministry of Finance, together with the State Tax Committee, the State Customs Committee, the Ministry for ICT Development, was instructed to develop a procedure for offsetting value added tax amounts paid on the import of goods and the sale of goods (services) by the end of 2021, and implement it in accordance with experiment until December 31, 2022.