Share this post on

Uzbekistan Tax Agency Announces Tax Changes for 2023

The Uzbek State Tax Committee Jan. 16 announced the implementation of tax changes introduced under the 2023 budget. The announcement includes: 1) the reduction in the VAT rate, to 12 percent from 15 percent, effective Jan. 1; 2) an optional fixed tax amount for single turnover taxpayers of 20 million Uzbek som (US$1,762) per year for income up to 500 million som (US$44,000), and 30 million som (US$2,642) for income exceeding 500 million som; 3) reduced profit tax rates for companies with income of up to 10 billion som (US$883,392); and 4) a unified turnover tax rate of 4 percent …


VAT news
VAT news