Uzbekistan reports decrease in VAT refunds for 1Q2025
Uzbekistan saw a 13.2 percent decline in VAT refunds during the first quarter of 2025, totaling 4.67 trillion sums ($424.5 million). This drop marks a significant contrast to the 28.5 percent increase observed during the same period in 2024, with key sectors such as industry and exports contributing to the reduced refunds.
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