What is the penalty for understating tax in Uzbekistan?

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20 per cent — and 40 where transfer pricing did it. 20% Concealed or understated base — of the concealed base, on top of the tax itself. 20% Underpayment through miscalculation — of the unpaid tax. 40% Transfer-pricing underpayment. 20% VAT shown by a non-payer — 20% of the VAT shown on the invoice, and the amount itself goes to the budget. The Code prices the ways a liability comes up short. Concealing or understating the tax base costs 20 per cent of what was concealed, in addition to the tax. Simple underpayment through miscalculation costs 20 per cent of the unpaid amount; underpayment through transfer pricing, 40. Showing VAT on an invoice without being a VAT payer costs 20 per cent of the VAT shown — and the shown amount must be paid to the budget regardless. Interest accrues separately on the late tax, and deliberate evasion is a different matter under the Code of Administrative Liability.

What is the penalty for understating tax in Uzbekistan?

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