Regulatory Alerts2019-09-26 | ПФ-5837Added
On Further Improving the Tax Policy of the Republic of Uzbekistan
Effective October 1, 2019, the value-added tax (VAT) rate is reduced from 20% to 15%, and the practice of suspending taxpayer bank account operations by tax authorities is abolished. The unified social payment rate is lowered from 25% to 12% for state-owned enterprises and their subsidiaries, while the corporate profit tax rate is set at 15%. The simplified VAT calculation and payment procedure is repealed, and the unified tax previously paid to the Pension Fund is redirected to local budgets. Additionally, excise tax rates are updated for various goods including alcohol, fuel, and telecommunications, and specific tax exemptions for certain funds and clusters are modified or removed.
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