What is the turnover tax threshold in Uzbekistan?

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One billion sum of total income per tax period. 1 bn UZS The ceiling — total income for the tax period, roughly USD 80,000. Day one The switch — crossing it moves the company to VAT and profit tax from the day the threshold is reached, not from the next year. 12 months The way back — a company that left turnover tax voluntarily may return only after twelve months, and only if income stayed within one billion. Turnover tax is open to legal entities whose total income for the tax period does not exceed one billion sum. Some activities are excluded from the regime at any size: importing goods across the customs border, excisable production and mineral extraction, fuel retail, lottery operation and large irrigated agriculture among them. The threshold acts immediately. A taxpayer whose income exceeds one billion sum during the year pays VAT and profit tax from the day that level is reached — the remainder of the year does not stay on the old regime.

What is the turnover tax threshold in Uzbekistan?

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