Uzbekistan has published Law No. ZRU-767 of 5 May 2022 on additions and amendments to the Tax Code, which provides new and revised tax benefits. The law entered into force on 6 May 2022, with different effective dates for the different measures. As provided in a release from the State Tax Committee, some of the main measures include the following:
- VAT exemptions for vegetable oil and certain foods that were previously scheduled to expire on 30 April 2022 are extended to 31 December 2022 for:
- the import of vegetable oil, sunflower and flax seeds, and soybeans, as well as turnover from the production and (or) sale of vegetable oil (except cottonseed oil); and
- turnover from the sale of meat (beef and mutton), live animals (cattle and sheep) and products of their slaughter, and potatoes, as well as their import into Uzbekistan (the VAT exemption for chicken, frozen fish, and live poultry is not extended beyond 30 April 2022);
Source Orbitax
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