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The impact of VAT on consumer prices and important administrative issues in Uzbekistan that VAT requires Tasks: - Explain how changes in VAT may affect

The impact of VAT on consumer prices and important administrative issues in Uzbekistan that VAT requires

Tasks:

- Explain how changes in VAT may affect both consumer spending and the business themselves in setting prices for their goods and services by using local examples.

- Identify and evaluate the major challenges of VAT administration in Uzbekistan and propose any possible solutions based on the experience of the country of your choice.

5. Tax policy proposals and recommendations

Task: Based on comparative review and analysis elaborate recommendations to the relevant Tax authority of Uzbekistan to set an optimal level of corporate taxes to ensure tax revenues in the budget that would match with fairness function of taxes.

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