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Uzbekistan Tax Change for 2024 Includes Reduces Statute of Limitations, Removed VAT Exemptions

  • Uzbekistan has implemented tax changes through Law No. ZRU-891 of 28 December 2023, in line with the Budget Policy of 2024.
  • The changes include reducing the general statute of limitations and required retention period for tax documentation from 5 years to 3 years.
  • Amendments to desk tax audits allow for installment payments of additional taxes over 6 months, with restrictions on audit activities.
  • The scope of VAT exempt supplies is narrowed, including the removal of exemptions for certain medical and veterinary services, as well as medicines and related products.
  • Additionally, the VAT exemption on the import of medical and veterinary products and raw materials is removed from 1 April 2024.

Source Orbitax


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