VAT REVENUE RATIO AND FISCAL EFFICIENCY IN UZBEKISTAN: AN ANALYSIS BASED ON RECENT TAX REFORMS
DOI:
https://doi.org/10.60078/2992-877X-2026-vol4-iss4-pp234-2342Abstract
This article evaluates the fiscal efficiency of value added tax in Uzbekistan based on the VAT Revenue Ratio (VRR) indicator in accordance with the OECD methodology. The study analyzes tax reforms implemented during 2019–2024, including the reduction of the VAT rate, the introduction of the electronic invoicing system, and measures aimed at the digitalization of tax administration. The findings confirm that despite the growth of macroeconomic indicators and VAT revenues during this period, the VRR level remained nearly unchanged, while the share of the informal economy, cash-based transactions, and tax exemptions remained important factors affecting VAT collection efficiency.
Keywords:
VAT VAT Revenue Ratio fiscal efficiency tax administrationReferences
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