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Uzbekistan Introduces Moratorium on VAT and Profit Tax Increases and Other Measures

17 January 2025

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Approved Changes

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Uzbekistan

Uzbekistan has published Presidential Decree No. UP-229 of 27 December 2024 on measures to ensure equal conditions for entrepreneurs and a fair competitive environment. Some of the main measures of the Decree include: VAT and profit (corporate) tax rates will not be increased in the period until 1 January 2028; Business entities engaged in production activities in the areas of sewing and knitwear, footwear, and leather goods are provided a 1% profit tax rate from 1 January 2025 to 1 January 2028 (31 December 2027), along with a 1% personal income tax rate for their employees, if the following conditions...