- Uzbekistan cancels VAT benefits for medicines and medical services
- The cancellation is effective from April 1, 2024
- VAT benefits on pharmaceutical products will no longer be applicable
- VAT will be imposed on sales of medical services, veterinary services, medicines, veterinary medicines, and medical and veterinary products
- Import of medicines, veterinary medicines, medical and veterinary products, and their raw materials will also be subject to VAT
- The guaranteed purchase period for pharmaceutical products will be extended from three years to a decade starting from January 1, 2024
- Medicines subject to localization will be subject to government procurement
- Uzbekistan’s State Tax Service recently released data on the top 20 enterprises contributing to tax revenue in the service sector from January to November 2023
Source: daryo.uz
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.
