Authors

  • Kadirov Bahadir Kudratovich
    Associate Professor of Termiz State University, Candidate of Economics, Uzbekistan

DOI:

https://doi.org/10.37547/ijmef/Volume04Issue11-04

Keywords:

Direct and indirect tax accounting electronic software products digital economy

Abstract

The article analyzes the theoretical and practical basis of the specific features and improvement of direct and indirect tax accounting in Uzbekistan, studies the electronic software procedures for calculating and collecting taxes based on the digital economy, and defines the role and tasks of tax accounting. Conclusions and suggestions for the study are given.


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Volume 04 Issue 11-2024

60


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

11

P

AGES

:

60-64

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

ABSTRACT

The article analyzes the theoretical and practical basis of the specific features and improvement of direct and indirect

tax accounting in Uzbekistan, studies the electronic software procedures for calculating and collecting taxes based

on the digital economy, and defines the role and tasks of tax accounting. Conclusions and suggestions for the study

are given.

KEYWORDS

Direct and indirect tax accounting, electronic software products, digital economy, tax accounting.

INTRODUCTION

Prospects for improving the economy of the new

Uzbekistan also depend on the effective organization

of direct taxation and improvement of tax collection

mechanisms

according

to

the

factors

of

entrepreneurship promotion.

Currently, in the new phase of the reforms

implemented in our country, the formation of a free

and transparent market economy is defined as a

priority, and the importance of the tax instrument,

including direct taxation, in ensuring the economic

development of the country is important. As part of

the added value created by business entities is

accumulated as financial resources of the consolidated

budget through direct taxes, in this process, direct

Research Article

SPECIFIC FEATURES OF DIRECT AND INDIRECT TAX ACCOUNTING IN
UZBEKISTAN AND THE BASICS OF IMPROVEMENT

Submission Date:

October 29, 2024,

Accepted Date:

November 03, 2024,

Published Date:

November 08, 2024

Crossref doi:

https://doi.org/10.37547/ijmef/Volume04Issue11-04


Kadirov Bahadir Kudratovich

Associate Professor of Termiz State University, Candidate of Economics, Uzbekistan

Journal

Website:

https://theusajournals.
com/index.php/ijmef

Copyright:

Original

content from this work
may be used under the
terms of the creative
commons

attributes

4.0 licence.


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Volume 04 Issue 11-2024

61


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

11

P

AGES

:

60-64

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

taxes affect the financial activity of entrepreneurs and

reduce their profits. Therefore, researching the weight

of direct taxes in GDP and the budget, assessing the

dynamics of changes in the direct tax burden, and

determining the optimal levels of direct taxation

depending on the macroeconomic indicators of the

country are the main tasks of this research work.

METHODOLOGY

In the article, methods of economic analysis, induction

and deduction, analysis and synthesis were used to

analyze the specific features and theoretical and

practical foundations of improving the calculation of

direct and indirect taxes in Uzbekistan, electronic

software procedures for calculating and collecting

taxes based on the digital economy.

Literature review

The issue of rational organization of direct taxation in

the tax system that forms budget revenues has always

been at the center of scientific research and practical

development. This direction is of particular importance

in the scientific research work of economists.

According to A. Joraev, Sh. Toshmatov, O.

Abdurakhmanov, "in direct taxes, the reduction of the

tax rate due to the fact that the tax has been paid

directly from the income will leave most of the income

of the enterprises to them, will enable the expansion

of investment activities, and will develop the market

economy. If the rates of these taxes are increased, the

financial capacity of enterprises will decrease.

Therefore, the rates of taxes included in this group are

directly related to economic development" [1, p. 98].

According to Sh. Toraev's conclusion, "the efficiency of

the direct taxation system is determined not only by

the total amount of tax payments to the state budget,

but also by the total amount of expenses spent on

measures related to tax collection. In practice, it is

possible to minimize (reduce) various taxes paid to the

state budget and extra-budgetary funds by finding the

optimal structure of the value and cost of finished

products produced there for any enterprise" [2, p. 65].

According to Russian practical scientist Tatiana

Mishenko, "direct taxes are constant companions of

owners and buyers of valuable material assets, and the

difference from indirect taxes is that they are paid from

their own funds" [3, p. 110].

According to M.Sislova, direct taxes allow to manage

the country's economy, affect the production sectors

and help to create good economic conditions in the

fields of activity that require state support. Also, direct

taxes can create unfavorable conditions for economic

sectors that cannot be developed for the state [4] .

Based on the above-mentioned points, it can be

concluded that the level and methods of rational

organization of direct taxation will not be exactly the

same for a country at different stages of development,

it is impossible to determine the optimal methods of

direct taxation for all taxpayers. Therefore, direct

taxation procedures can differ sharply in each country,

taking into account the stages of economic


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Volume 04 Issue 11-2024

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International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

11

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AGES

:

60-64

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

development, the degree of formation of market laws,

and even the relationship of people to property and

income.

RESULTS

In the conditions of the current global economy, in

which the mutual political and economic relations of

the countries of the world are taking a conflicting tone,

the specific features of the taxation calculation in

Uzbekistan and the basis of improvement are

proportional to the strategic programs of the reforms

carried out by our country.

In the strategic tasks of 2017-2030, when the second

wave of reforms began in Uzbekistan, "to protect the

right of private property and strengthen its priority

position, to stimulate the development of small

business and private entrepreneurship, to develop

regions, districts and cities in a comprehensive and

proportionate socio-economic way, to create an

investment environment "Active attraction of foreign

investments to sectors and regions of our country's

economy through improvement" [5]. To ensure the

implementation of these priority tasks, first of all,

reducing the tax burden, simplifying the taxation

system, unifying taxes, organizing taxation based on

the digital economy, reducing tax reports, eliminating

contradictions and conflicts in regulatory legal

documents in the field of accounting and tax

accounting. , it will be necessary to consolidate

accounting and tax accounting of taxpayers, improve

accounting and tax administration[6]. In order to fulfill

these tasks, it is required to keep an account of the

assets of enterprises and organizations in industries

and sectors and the movement of their sources, to

keep an accounting of the income received from

business activities and other taxation objects, as well

as direct and indirect taxes paid from them to the

budget. In order to effectively organize these works,

there is a need to rationally use electronic software

products based on the digital economy.

According to the results of the analysis, it is promising

to rapidly and effectively implement accounting and

tax electronic software products as effective

mechanisms of direct and indirect tax accounting and

timely transfer to the budget in business entities. This

practice has already been used in developed countries

and brought high results.

The practice of tax accounting, introduced by the new

revised tax code adopted by the Law of the Republic of

Uzbekistan No. ORQ-599 of December 30, 2019, was

directly connected with the creation of electronic

software government [7]. Now, in the conditions of the

unstable economy after the pandemic, the problems of

eliminating the damage to the economy of Uzbekistan

and quickly determining the ways to achieve

sustainable development depend on the extent to

which electronic software products are implemented.

However, in the new Tax Code, changes were made,

such as condensing the types of taxes, unifying the

procedures for calculating and collecting taxes,

rounding up tax benefits, setting tax rates in the code,


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Volume 04 Issue 11-2024

63


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

11

P

AGES

:

60-64

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

and these reforms are based on the experiences of

developed countries in the organization of accounting

and tax accounting, and accounting and tax accounting

are based on electronic software products. formation,

wider use and improvement of the digital economy in

this area showed that it is necessary.

It is known that the creation of an electronic system of

accounting and tax accounting in order to implement

the tax preferences and benefits established in

accordance with the new tax code and organization in

harmony with the software products of the electronic

government is beneficial both for the state and for the

business entity. Of course, in this place, it would be

appropriate to organize a reasonable accounting policy

that represents the interests of both business entities

and the tax-collecting state.

Analytical review of accounting and tax law norms

adopted in Uzbekistan for tax accounting in 2017-2024

shows that tax accounting is improving in proportion

to the ongoing economic reforms, and issues of direct

and indirect tax accounting and improvement of

budget collection mechanisms play an important role

in this process. . In particular, accounting of income

and expenses of business entities, calculation of direct

and indirect taxes, submission of accounting and tax

reports to tax authorities, and payment of taxes to the

budget are carried out online based on electronic

software products. Nevertheless, it is desirable to

further improve the work of keeping records of direct

and indirect taxes and timely payment to the budget,

and

to

increase

the

effectiveness

of

the

implementation of effective electronic software

products.

In the following years, the creation of online

accounting and tax reports based on electronic

accounting software products and submission to the

tax office in an electronic online format in Uzbekistan

is demanding further improvement of the electronic

system of tax accounting and reaching the level of

developed countries. The results of the creation and

further improvement of the accounting system in

electronic software products led to the formation of an

efficient and inexpensive accounting system for

business entities, as well as to the provision of

macroeconomic stability, an increase in taxable income

and, in turn, a stable flow of direct and indirect taxes to

the budget.

In today's fast global economy, there are various

electronic financial scams and international economic

pressures in the international arena, so that in these

fast unusual economic and financial processes, our

country does not sink into the quagmire of crises in the

global economic arena, and in order to maintain stable

economic development and progress, it is necessary to

transfer the accounting system of business activities to

an online electronic system. It is also desirable to

create more effective electronic government

mechanisms. These electronic system reforms should

be one of the priorities of our strategic goals.


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Volume 04 Issue 11-2024

64


International Journal Of Management And Economics Fundamental
(ISSN

2771-2257)

VOLUME

04

ISSUE

11

P

AGES

:

60-64

OCLC

1121105677
















































Publisher:

Oscar Publishing Services

Servi

CONCLUSIONS

In Uzbekistan, it is necessary to organize the

accounting system of business entities in direct and

indirect connection with tax accounting, and we

believe that it is appropriate to take the following

systematic measures in this direction:

further improvement of software products for

calculation and collection of direct and indirect taxes

within the framework of the project of the concept of

development of the electronic government system;

ensuring effective cooperation of the state, population

and business in the mechanisms of electronic

calculation and collection of direct and indirect taxes,

integration into the electronic space of the world,

formation of a single national electronic system and

determination of promising directions of these works;

to ensure complete registration and taxation of

taxable income and property on the basis of electronic

software products;

formation of a rational system of direct and indirect

taxation on the basis of the economy based on digital

computer technologies and the generation of new

methods of collecting, processing, storing, transferring

information on direct and indirect taxes, etc.

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