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Mar 31, 2025
03:26

    In Uzbekistan, all companies in the field of pharmaceuticals and medical services will become VAT payers

    Finance 27 March 2025 460

    Starting from April 1, 2025, legal entities selling pharmaceutical products or providing medical services will be recognized as VAT payers regardless of their income.

    According to the press service of the Tax Committee, at the same time, the tax authorities will automatically generate VAT reports based on online CCT receipts, ECF and other external and internal data.

    This procedure will be put into practice after the relevant amendments are made to the Tax Code.

    According to current legislation, legal entities that sell pharmaceutical products or provide medical services that have a combined income of:

    · does not exceed 1 billion soums - they pay turnover tax;

    · more than 1 billion soums are being transferred to pay VAT and income tax.

    The VAT rate is 12%, and the income tax rate is 15%. A profit tax rate of 0% is provided for taxpayers engaged in social activities.

    The turnover tax rate is 4%.

    For wholesale and retail pharmacy organizations located in:

    · cities with a population of 100,000 or more people - 3%;

    · other settlements - 2%;

    · in remote and mountainous areas - 1%.

    Taxpayers also have the right to pay turnover tax in a fixed amount on a voluntary basis.

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