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    Uzbekistan

    Trade sector in Uzbekistan contributes approximately $1.6bn in taxes in 2023

    Trade sector in Uzbekistan contributes approximately $1.6bn in taxes in 2023

    In the fiscal year spanning from January to December 2023, the trade sector in Uzbekistan demonstrated significant fiscal contributions, amounting to nearly UZS 20.3 trillion ($1.6bn) in taxes. This financial input was reported by the Tax Committee, underlining the substantial role played by trade organizations in the country's economic landscape.

    Top 10 taxpayers of the trade sector.
    Source: Daryo

    A detailed breakdown reveals that out of the total tax revenue, approximately 8.8% was contributed by 20 prominent organizations, totaling UZS 1.8 trillion ($143.3mn). These entities collectively reported a substantial trade turnover of UZS 42.9 trillion ($341.4mn), with tax benefits applied amounting to UZS 759.1bn ($60.4mn).

    Breakdown of Tax Revenues

    The tax payments from these top 20 taxpayers in the trade sector were further categorized by type:

    • Value-Added Tax: 641.4bn ($51mn)
    • Income Tax: 430.9bn ($34.3mn)
    • Personal Income Tax: 269bn ($21.4mn)
    • Excise Tax: 233.9bn ($18.6mn)
    • Social Tax: 123.3bn ($9.8mn)
    • Property Tax: 23.4bn ($1.9mn)
    • Land Tax: 12.2bn ($970,951)
    • Other Taxes: 45.1bn ($3.6mn)

    Top 10 Taxpayers

    Among the leading contributors in the trade sector, the top 10 taxpayers were identified, with notable organizations and their corresponding tax contributions as follows:

    1. Anglesey Food - $16.7mn
    2. Intermax Petroleum - $9.8mn
    3. Tashkent Tobacco Distribution - $9.5mn
    4. Nestle Food - $8.8mn
    5. Tashkent Trade Center - $8.6mn
    6. Namangan-Istiqlol Park - $8.2mn
    7. Trade Group - $7.8mn
    8. Baraka Holding - $7.3mn
    9. UNG Petro - $7mn
    10. Humo Infinity - $6.9mn

     

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    15.03.2024, 23:49   Comments (0)   1607
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