Economics

Tax Committee approves UZS 112.8bn in June cashback payments

More than 5.5 million consumers have been approved to receive a total of UZS 112.8 billion in cashback for purchases made in June, the Tax Committee has announced.

The Tax Committee has given its stamp of approval to UZS 112.8 billion in cashback payouts for June.

The committee stated that any outstanding cashback will be automatically greenlit once businesses submit their tax reports, rectify any inaccuracies, and clear their tax debts, all in line with the established protocol.

Under the existing regulations, shoppers are eligible for a 1% cashback, with a monthly cap of UZS 247,200, on purchases totaling no more than UZS 24,720,000, which is equivalent to 60 base calculation units.

The Tax Committee additionally reminded the public that cashback is not applicable in certain scenarios. These include receipts logged more than 10 days post-issuance, the acquisition of vehicles, air and train tickets, payments for telecommunication and utility services, and services rendered by self-employed individuals.

Furthermore, cashback is not available for receipts issued by individual entrepreneurs and self-employed persons via digital platforms like Xolis Paynet, nor for individuals listed in the register of suspicious buyers.

According to the committee, this register comprises individuals who illicitly claim cashback by registering another person's online cash register receipt without authorization, engage in other infractions related to the cashback system, or otherwise forfeit their entitlement to partial purchase reimbursement.

The committee observed that some consumers and businesses persist in abusing the cashback program through intentional or unintentional breaches of its regulations. Such conduct is a violation of the law and could lead to legal repercussions.

In June alone, over 96,000 individuals were added to the suspicious buyers' register after acquiring fraudulent receipts from third parties via social media in exchange for payment and registering purchases that were never actually made.

The Tax Committee implored consumers to only register receipts for goods and services they have genuinely purchased using the Soliq mobile application and cautioned against utilizing counterfeit receipts obtained through social media or other individuals.

tax committeefraud preventionconsumer rightssuspicious buyerscashback paymentstax regulationsdigital paymentssoliq mobile application