The importance of the value added tax and its calculation

Conclusions
In conclusion, it can be said that opting for value added tax and income tax for large businesses operating in our country can lead to lower costs as well as savings. Even if it is a small business, it will cooperate with other VAT-paying businesses in the purchase of raw materials or goods, which will reduce our tax burden at least slightly. Value-added tax and income tax are more complex and require more calculations than turnover tax. Ordinary people may find it confusing to run their business, but by reading articles like this and learning the news, they will be able to understand VAT better and use it to their advantage.
References
1.Davlat soliq xizmati. Yil yakunlari 2019 yil.
2.Yaxyaev Q. Soliqqa tortish nazariyasi va amaliyoti.-Toshkent.: G’afur G’ulom, 2003. 40-41 b.
3.Isroilov B.I. Soliqlar hisobi va tahlili: muammolar va ularning echimlari.- Toshkent.: “Ózbekiston”, 2006. 34-35 b.
4.Value-Added Tax (VAT) Examples By J.B. MAVERICKhttps://www.investopedia.com/ask/answers/042315/what-are-some-examples-value-added-tax.asp Updated December 28, 2020
5.Daniel Bunn Value-added Taxes in the Pandemic https://taxfoundation.org/vat-rate-vat-revenues-covid/ February 1, 2021
6. The Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “Position on the procedure for refunding the amount of tax added value” from 14.08.2020

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