THE ROLE OF VAT IN PROMOTING SUSTAINABLE BUSINESS PRACTICES
Ключевые слова:
Keywords: Value Added Tax, sustainable business practices, tax policy, environmental incentives, renewable resources, economic development, waste reduction.Аннотация
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.
Библиографические ссылки
References
Akmalov, S. and Tashkenbaev, N. (2021) ‘Environmental Taxation in
Uzbekistan: Current Trends and Future Prospects’, Journal of Environmental
Economics, 15(2), pp. 98-115.
Iskandarov, A.A. (2019) ‘Taxation and Its Impact on the Development of Small
and Medium-Sized Enterprises in Uzbekistan’, Economics and Business Review,
(1), pp. 45-60.
Mukhitdinov, D.A. (2020) ‘The Role of Tax Policy in Sustainable Development
of the Economy’, Central Asian Economic Studies, 11(3), pp. 25-40.
Muminov, S.A. (2022) ‘Taxation and Environmental Sustainability: Challenges
and Opportunities in Uzbekistan’, International Journal of Taxation, 8(4), pp.
-229.
Yuldashev, R.S. (2023) ‘The Influence of Tax Policy on Environmental
Protection in Uzbekistan’, Uzbekistan Journal of Economic Studies, 12(1), pp.
-82.
Ministry of Finance of Uzbekistan (2023). Annual Report on Tax Incentives and
Sustainable Development, Tashkent: Ministry of Finance.
OECD (2022) ‘Green Taxation: Lessons from International Experience’, Paris:
Organization for Economic Co-operation and Development.
