New tax code reduces VAT to 14% from 15% 2024; further cut to 13% in 2025
In 2021, Tajik Finance Ministry passed a new Tax Code which will reduce the Value Added Tax rate by 5% in the following 3 steps:
- 1 January 2022: 18% to 15%
- 1 January 2024: 15% to 14%
- 1 January 2027: 14% to 13%
Higher VAT rate for cash-based transactions abandoned
To further encourage the adoption of electronic (and therefore traceable) transactions, the VAT rates on cash-based transactions were to rise. However, at Jan 2024, this plan has not been followed through.
The Tajik VAT registration threshold remains unchanged at TJS 1 million (approx €76,000. Or $90,000) per annum. Tajikistan VAT on digital services was introduced from 16 January 2021.
Nearby Uzbekistan VAT rate has been cut from 15% to 12% from 2023.
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