THE ROLE OF VAT IN PROMOTING SUSTAINABLE BUSINESS PRACTICES
Keywords:
Keywords: Value Added Tax, sustainable business practices, tax policy, environmental incentives, renewable resources, economic development, waste reduction.Abstract
Abstract: this article examines the role of Value Added Tax (VAT) in
promoting sustainable business practices in Uzbekistan. As the country transitions
towards a more sustainable economy, understanding the impact of tax policies on
business behavior becomes crucial. The study analyzes how VAT can incentivize
environmentally friendly practices and contribute to the overall sustainability goals set
by the government. Through a comprehensive review of existing literature and case
studies from various sectors in Uzbekistan, we identify the mechanisms through which
VAT can encourage businesses to adopt sustainable practices, such as energy
efficiency, waste reduction, and the use of renewable resources. Additionally, the
article discusses the challenges and opportunities associated with implementing a VAT
system that aligns with sustainable development objectives. The findings underscore
the potential of VAT not only as a revenue-generating tool but also as a catalyst for
fostering a culture of sustainability within the business community in Uzbekistan. By
providing insights and recommendations, this study aims to contribute to the ongoing
discourse on tax reform and sustainable economic development in the region.
References
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