Uzbekistan has adopted a new Tax Code (the “New Tax Code”), which replaces the 2008 Tax Code. Most of the New Tax Code's provisions are effective as of 1 January 2020.

The stated purposes of the New Tax Code include decreasing the overall tax burden, simplifying tax rules, and improving tax administration. According to Ministry of Finance, the New Tax Code has been prepared taking into consideration recommendations of the International Monetary Fund, the World Bank and other international experts.

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