Changes to the Law on the State Tax Committee of the Republic of Uzbekistan

• Amendments have been made to the legislation on the State Tax Committee of the Republic of Uzbekistan.
• The tax rate for the QQS will be maintained at 12% in 2024.
• Foreign legal entities and individuals engaged in entrepreneurial activities in accordance with the legislation of a foreign state, as well as individuals registered as taxpayers, are considered QQS payers.
• Some privileges related to QQS will be canceled from April 1st, including medical services, veterinary services, pharmaceuticals, and veterinary pharmaceuticals.
• Goods such as pharmaceuticals, veterinary pharmaceuticals, medical and veterinary supplies, and other goods specified in the legislation can be imported duty-free into Uzbekistan.
• Services such as water supply, sanitation, sanitation, and heating were previously subject to a zero rate under QQS.
• From January 1, 2028, QQS will be abolished for budget organizations, state enterprises, state-owned funds, and legal entities with more than 50% state ownership, as well as international financial institutions and foreign government financial institutions that are acquired and acquired within the framework of projects financed by external public debt.
• The import of goods (services) purchased within the framework of these projects, as well as their re-financing or re-lending through Uzbekistan commercial banks, will be exempt from QQS.
• These regulations came into effect on November 16, 2023.

Source: facebook.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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