- Some tax benefits are being abolished in Uzbekistan
- A Presidential decree has been passed to make changes to tax and customs benefits
- Starting from January 1, 2025, tax benefits will be implemented the following year
- VAT benefits for certain services and goods are being cancelled
- Profit and turnover tax benefits for exporters and re-exporters are being cancelled
- Operations related to cryptocurrency trading will not be taxed until January 1, 2029
- Changes are being made to specify infrastructure projects eligible for VAT benefits
- A new law is being developed to amend the Tax Code and implement the above changes
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.
Latest Posts in "Uzbekistan"
- Simplified VAT Calculation Introduced for Agriculture to Triple Trade Turnover by 2027
- Uzbekistan Introduces Zero VAT Rate for Agricultural Products from 2026, Excluding Cotton and Wheat
- Uzbek Farmers to Benefit from VAT Exemption on Agricultural Products Starting 2026
- Uzbekistan Introduces Zero VAT Rate for Agricultural Products Starting January 1, 2026
- Uzbekistan to Implement Zero VAT for Farmers on Agricultural Products Starting January 2026