Uzbekistan - Offset of Import VAT
Viktoriya Sleta
Pursuant to Subclause "b" of Clause 3 of the Decree of the President of the Republic of Uzbekistan No. UP-174 dated August 27, 2026, a procedure for setting off VAT payable upon the importation of goods is introduced effective October 1, 2026.
The right to apply import VAT set-off is granted to participants of FEA who simultaneously meet two mandatory criteria:
the taxpayer is classified under the low tax risk category;
the taxpayer holds a valid VAT payer registration certificate.
The set-off is performed between VAT amounts payable upon goods importation and VAT amounts eligible for offset/reimbursement upon the sale of goods and services.
Decree entered into force on August 27, 2026. The set-off procedure applies from October 1, 2026.
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