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Uzbekistan Announces Changes to Tax Benefits and Customs Regulations Starting 2025

  • Some tax benefits are being abolished in Uzbekistan
  • A Presidential decree has been passed to make changes to tax and customs benefits
  • Starting from January 1, 2025, tax benefits will be implemented the following year
  • VAT benefits for certain services and goods are being cancelled
  • Profit and turnover tax benefits for exporters and re-exporters are being cancelled
  • Operations related to cryptocurrency trading will not be taxed until January 1, 2029
  • Changes are being made to specify infrastructure projects eligible for VAT benefits
  • A new law is being developed to amend the Tax Code and implement the above changes

Source: facebook.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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