On March 27, 2023, the Government of the Republic of Tajikistan issued Decree № 117, which outlines the Procedure of deduction tax from individuals for non-cash payments. The Chairman of the Government of Tajikistan, Emomali Rahmon, signed the decree.
The purpose of the Procedure is to determine how to deduct tax from individuals for non-cash payments made within the territory of the Republic of Tajikistan, including through bank accounts and bank payment cards. The Procedure applies to all individuals who make expenses in non-cash form, and it allows them to deduct such expenses up to 10% from the total amount of received income, but not more than 150 indicators of calculation for the year.
It is important to note that the Procedure does not include several types of non-cash expenses. These include exchange of goods, cash payment for goods through automated service terminals or credits and financial organizations, purchase of goods outside the Republic of Tajikistan by all forms of non-cash settlements and means of payment, payment of works and remote services of foreign persons in all forms of non-cash settlements and means of payment, and transfer of funds between individuals.
The Procedure will be carried out via the integrated tax information system (INIS). Servicing credit and financial organizations must approve or reject the statement of transactions of non-cash payments of individuals sent to the tax authorities through the INIS within five calendar days in real-time (online). Additionally, information about received income, paid taxes, and non-cash payments made by individuals should be submitted to the INIS annually by April 1 after the end of the calendar year.
Overall, the Procedure of Deduction Tax from Individuals for Non-Cash Payments in Tajikistan aims to regulate non-cash transactions made within the country and to ensure that individuals are taxed accordingly.