Regulatory Alerts2019-09-26 | ПФ-5837Added
On Measures for Further Improvement of Tax Policy of the Republic of Uzbekistan
Effective 1 October 2019, the value-added tax rate is reduced from 20% to 15%, and the unified social payment rate is lowered from 25% to 12% for state-owned enterprises and entities with majority state participation. The document abolishes the simplified VAT calculation method, mandates that the unified tax payment previously allocated to the Pension Fund be transferred to local budgets, and repeals tax exemptions on interest income for certain entities. It also updates excise duty rates for alcohol, fuel, and other goods, and amends specific presidential decrees regarding tax exemptions for agricultural funds and industrial clusters.
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