Why is this important
Reducing the deadlines for VAT refunds strengthens the financial mobility of businesses. The rating system creates incentives for maintaining tax discipline and improving financial stability. Benefits for AAA companies can increase their competitiveness and reduce barriers when collaborating with government agencies.
What happened
- The business sustainability system assessed companies based on 23 criteria (tax discipline, financial stability, etc.).
- Rating categories: from AAA (96-100 points) to D (25 points less).
- To date, more than 552.8 thousand business entities have been registered, of which about 2.3 thousand received the AAA rating, almost 192 thousand were in the D category.
- Companies with the AAA rating are exempt from tax audits (except for criminal cases), and VAT refunds are processed within one day without audits.
- For companies with A and higher ratings, refunds for overpaid taxes (not VAT) are provided within three days.
What they say
The head of the Tax Committee, Sherzod Kudbiyev, noted that with an AAA rating, VAT refunds are automatically processed, but emphasized that tax officials remain cautious due to the risk of errors and criminal liability.
Context
The Entrepreneurs’ Sustainability Rating System has been in effect since February 1, 2024. The legislation enshrined benefits in the Tax Code, presidential decrees and resolutions.
At the same time, there are challenges: questions arise about the accuracy of data, disputes with auditing bodies, regulatory certainty, especially when switching between categories of ratings.
