ENHANCING VAT FISCAL CAPACITY THROUGH ADMINISTRATIVE MODERNIZATION
Keywords:
VAT administration, fiscal potential, tax compliance, electronic invoicing, tax incentives, shadow economy, Uzbekistan, policy reformAbstract
Modernizing VAT administration is a critical strategy for enhancing the fiscal potential of Uzbekistan. International experiences demonstrate that the integration of electronic invoicing, targeted tax incentives, and sector-focused policies can improve compliance, formalize business activity, and reduce the shadow economy. Linking VAT benefits to registration, licensing, and reporting ensures that only accountable entities receive incentives, thereby promoting transparency and strengthening tax discipline. This study examines best practices from foreign countries and evaluates their applicability to Uzbekistan, providing a framework for policy measures that enhance VAT efficiency, support strategic sectors, and foster sustainable economic governance.
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