The importance of the value added tax and its calculation

THE IMPORTANCE OF THE VALUE ADDED TAX AND ITS CALCULATION Turdieva Gulayda Omirbayevnaⁱ
docent Karakalpak state university
Turdieva Gulsara master’s degree of KarSU
Abstract.
In this article pays attention to value added tax’s calculation and it’s important to new entities, who produces new goods for buyers. Also, more theoretical sides were open by scientists of not only Uzbek professors but also another lecturers.

Introduction
Nowadays, tax accounting in business entities and its efficiency has become one of the most pressing issues. The experts constantly tax the gross domestic product those who have been thinking about the relative weight. A number of scientists to determine the optimal level of the tax burden who created scientific theories. Taxes are gross share in GDP with economic, social, political factors closely related and varying with them.
One of them is the problem of calculating value added tax and paying it to the budget. The tax reforms carried out in Uzbekistan in recent years have yielded a number of positive results. The value added tax rate was reduced from 20% to 15% from 1 October 2019 (for the first time since 1994). As a result, the number of VAT payers will increase 12-fold in 2019, as evidenced by a 28% increase in VAT revenues to the state budget[1].
The increase in the number of VAT payers is mainly due to Presidential Decree No. PD-5755, dated 27 June 2019, "On measures to further regulate the provision of tax and customs exemptions" of 1 Aug. 2019. From 1 September 2019, farmers with a turnover of more than 1 billion sum or more than 50 hectares of agricultural land will be able to voluntarily pay VAT, are the only land tax payers with land plots from 1 January to September 2019.
Improvement of a simplified procedure for paying VAT for taxpayers with an annual tax turnover up to 3 billion sum, shifting importers to VAT regardless of the amount of sales revenue, increasing the number of businesses in the country that pay this type of tax. We will try to describe VAT in this article, the essence and procedure of calculation to avoid misunderstandings when submitting reports.