THE ANALYSIS OF TAX ON IMPORT IN THE REPUBLIC OF UZBEKISTAN

Z AMONAVIY TA'LIMDA FAN VA INNOVATSION TADQIQOTLAR http://zamtadqiqot.uz/index.php/ZTFITJ/index 3-son 15–to’plam 2025 y. 92 THE ANALYSIS OF TAX ON IMPORT IN THE REPUBLIC OF UZBEKISTAN Saidova Ugiloy Rustamjon qizi PhD, senior lecturer, TSUE Abstract. On this article, the author explained import tax, discussed statistic data of import during the period of time: from 2011 to 2023. All information was taken from the official website of World Bank. As well as, she tried to give some explanations about the table and the diagram. Keywords: GDP, import tax, tax revenue, tax on international trade. Today’s globalization period taxes on international trade plays an important role when interpretating to the world market. Therefore, countries try to implement taxes on international trade on this way: neither the local government suffers from decreasing its tax revenue, nor the foreign entrepreneurs will pay a lot of taxes in order to attract foreign investors. Taxes on international trade mean entrepreneurs whose main activities are import and export, must pay taxes when they importing goods, services from other countries and exporting goods, services to other countries. Taxes on international trade can be divided into 2 groups: tax on import and on export. On the following table import tax collected in the Republic of Uzbekistan between 2011 and 2023 years is given: ye ars tax on import (% of tax revenue) tax revenue (% of GDP) GDP (current $) import tax (current $) 20 11 4.92926 6874 12.3662 5676 $60,178,909,2 97.2 $366,830,0 48.64 Z AMONAVIY TA'LIMDA FAN VA INNOVATSION TADQIQOTLAR http://zamtadqiqot.uz/index.php/ZTFITJ/index 3-son 15–to’plam 2025 y. 93 20 12 5.09073 0983 13.1744 0777 $67,517,349,2 12.1 $452,821,0 75.92 20 13 5.35100 6962 13.8004 7989 $73,180,037,9 14.9 $540,408,7 03.40 20 14 5.90656 6067 13.4703 9298 $80,845,385,8 09.5 $643,236,3 36.66 20 15 5.50166 0224 13.5577 5403 $86,196,264,7 55.3 $642,939,2 84.25 20 16 4.60186 1813 13.4329 6306 $86,138,288,6 44.2 $532,477,9 55.77 20 17 5.18686 0136 10.3687 4701 $69,703,222,2 82.7 $374,872,5 76.38 20 18 3.65266 3422 12.6952 9008 $58,695,899,0 92.1 $272,182,4 02.89 20 19 4.02222 8115 11.3019 6511 $67,293,639,7 98.4 $305,910,7 07.84 20 20 4.42575 2017 13.4020 2762 $66,443,265,4 18.3 $394,101,9 21.93 20 21 4.84593 4294 13.3629 0256 $77,340,060,0 03.0 $500,821,3 41.92 20 22 5.61880 5187 11.9887 4028 $90,095,926,5 67.4 $606,907,7 48.86 20 23 8.01226 4846 11.5296 953 $102,641,879, 248.8 $948,195,1 32.40 Table 1: Tax on import of the Republic of Uzbekistan, 2011-2023 years 1 As I have said earlier, on the table tax on import (percentage of tax revenue), tax revenue (% of GDP), the amount of GDP and import tax (current US $) from 1 It was done by the author according to the data of World Bank Z AMONAVIY TA'LIMDA FAN VA INNOVATSION TADQIQOTLAR http://zamtadqiqot.uz/index.php/ZTFITJ/index 3-son 15–to’plam 2025 y. 94 2011 to 2023. It can be seen from the table from the beginning of the period to 2016 there was a slight rise. However after 2016 the trend fell. It is because in 2017 the difference between soum depreciation to dollar according to the Central Bank of Uzbekistan and on the market were equalized. So there was a fall, however in soums the GDP increased than that in 2016. From 2017 to the end of the period the trens rose, ending about 948 million US dollars. On the following diagram information about import tax was given between 2011 and 2023. 1-diagram. Import tax collected in Uzbekistan, 2011-2023 years 2 According to the diagram, the smallest number in the period was in 2018. During the period there was a fluctuation and from 2028 to the end of 2023 the trend rose and in 2023 import tax reached its biggest point. It is because that nowadays the government gives more privileges and opportunities both importer companies and exporter companies in order to develop its economy and bonds with other countries. References: 1. www.worldbank.org – the official website of World Bank 2 It was done by the author according to the data of World Bank $0,00 $100 000 000,00 $200 000 000,00 $300 000 000,00 $400 000 000,00 $500 000 000,00 $600 000 000,00 $700 000 000,00 $800 000 000,00 $900 000 000,00 $1 000 000 000,00 import tax (current $)