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Uzbekistan Gazettes Law Amending Tax Code to Provide New Tax Benefits

May 19, 2022, 5:00 AM

The Uzbek Official Gazette May 6 published Law No. ZRU-767, amending the tax code to provide new tax benefits. The law includes measures: 1) requiring taxpayers, previously fully exempt from property taxes, to pay one percent of accrued taxes, effective Aug. 6; 2) removing the registration requirement for taxpayers engaged in e-commerce activities, effective July 1; 3) setting a reduced corporate tax rate of 7.5 percent and a turnover tax rate of two percent on taxpayers engaged in e-commerce activities, effective July 1; 4) extending the period for VAT exemptions on specified foodstuffs to Dec. 31 from April 30; and ...