Ridetech International B.V., the operator of online taxi service Yandex (NASDAQ:YNDX) Go in Uzbekistan, has been directed to adhere to the country's legal requirements by becoming a tax resident. The order, issued in September, mandates the company to integrate with the local tax authority's system and issue automatic fiscal receipts to its clients.
The Tax Committee has set a two-month deadline for Ridetech International B.V. to comply, ending on December 1, 2023. The firm's failure to meet this deadline could potentially lead to severe repercussions, including a possible request from the tax authority to the Ministry of Digital Technologies to block Yandex Go's electronic platform in Uzbekistan.
This move by the Tax Committee underscores the government's efforts to ensure international companies operating within its borders are fully compliant with local tax laws. The potential blockage of Yandex Go's operations in Uzbekistan serves as a stark reminder of the consequences of non-compliance.
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