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Uzbekistan Introduces New Tax Incentives: VAT Cashback, Land Tax Concessions, Export Refunds & More

  • VAT exemption on land purchases for entrepreneurs
  • 50% reduction in land tax for new land allocations during construction period
  • 20% VAT cashback for tourism sector starting October 1, 2024
  • VAT cashback for catering establishments starting January 1, 2025
  • VAT refunds for exporters based on electronic information from customs authority
  • 50% profit tax reduction for restaurants and cafes
  • Measures announced by Uzbek State Tax Committee to be implemented at different times for various sectors

Source: globalvatcompliance.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.

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