Uzbekistan - VAT offset for import and sale of goods
Viktoriya Sleta
The Ministry of Economy and Finance and the Tax Committee have approved the Regulation on the Procedure for the Mutual Offsetting of VAT Amounts on the Import and Sale of Goods (reg. No. 3966 dated October 31, 2026).
When clearing imports, the declarant enters the code “VZ” in the “Payment Method” column of box 47 (“Calculation of Customs Payments”) of the cargo customs declaration. The Customs Committee requests online confirmation of the VAT overpayment from the Tax Committee. Once confirmed, an offset certificate is generated automatically and the amount is credited to the importer’s personal customs account.
The mechanism is available to four categories of taxpayers:
• those registered with the Interregional Inspectorate for Large Taxpayers;
• enterprises with a sustainability rating of at least “BBB” (excluding the state sector);
• participants in foreign economic activity that are low-risk VAT payers;
• manufacturers of electrical engineering products, when importing raw materials and components.
No offset is carried out during a tax audit. If the taxpayer has tax debt (including deferred debt), the overpayment balance remaining after the offset may not be less than the amount of the debt.
The Regulation enters into force on January 1, 2027.
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