DIGITAL TRANSFORMATION AND FISCAL POLICY IN UZBEKISTAN: TRENDS IN E-COMMERCE, REMOTE BANKING, AND DIGITAL SERVICE TAXATION
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Keywords: Digital economy; Uzbekistan; E-commerce; Remote banking; Digital taxation; VAT on electronic services; Digital transformation; Statistical analysis; ICT development; Fintech.##article.abstract##
Abtract. This study examines the rapid digital transformation of Uzbekistan’s
economy through a statistical analysis of three interrelated domains: tax revenues from
foreign electronic service providers, the growth of e-commerce trade volume, and the
increasing adoption of remote banking services. Utilizing official data from 2016 to
2024, the research identifies significant upward trends in all three sectors. Tax revenue
from companies such as Meta, Google, and Apple surged following Uzbekistan’s 2020
digital VAT reform, reflecting successful integration of global digital services into the
national tax framework. Simultaneously, the e-commerce market exhibited exponential
growth, and the number of remote banking users increased nearly fivefold between
2019 and 2024. These developments signal a comprehensive shift toward a digital
economy. The paper concludes with strategic policy recommendations to enhance
infrastructure, promote digital inclusion, and ensure sustainable growth through
supportive regulation and innovation ecosystems.
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