Uzbekistan will introduce faster three-day VAT refunds for low-risk taxpayers, mandatory registration of loan and warehouse storage agreements, and updated tax risk management systems under Presidential Resolution No. PP-95, with key measures taking effect from 1 January 2027.
Uzbekistan’s tax administration will undergo significant changes starting 1 January 2027, following Presidential Resolution No. PP-95 issued on 19 May 2026. The decree introduces faster VAT refund processes and new registration requirements for financial agreements.
Faster VAT refunds for low-risk taxpayers
The tax authorities will automatically refund excess input VAT and negative VAT differences to taxpayers classified as low tax risk. These refunds will be processed within three days of the claim. The negative VAT differences eligible for refund include those arising from zero-rated transactions and purchases of real estate. Existing VAT refund procedures for specific taxpayer categories remain unchanged.
New registration requirements
All loan agreements and warehouse storage agreements must now be registered with the tax authorities. The tax administration set a deadline of September 2026 to establish a simplified electronic registration system for these documents.
International standards and risk systems
By 1 September 2026, the tax authorities will align their risk management processes with international standards ISO 22301 and ISO 31000. Automated information systems for risk differentiation and risk review will be operational by 1 November 2026, developed according to guidance from the IMF and OECD.
Large taxpayers in the chemical industry will use these systems starting 1 January 2027, with all large taxpayers adopting them by 1 July 2027.
