author_orbitax
Orbitax

Share This Article

Uzbekistan Introducing Incentives to Support Catering, Hotel, and Tourism Services Sector

05 September 2024

|

Approved Changes

|

Uzbekistan

The State Tax Committee of Uzbekistan has issued a release on the introduction of various incentives, including incentives to support the catering, hotel, and tourism services sector. Specific incentives for the catering services sector include the following from 1 January 2025: A 50% corporate tax rate reduction for restaurants and cafes that have switched to paying VAT; and A 40% refund of VAT (cashback) for catering establishments if at least 60% of monthly turnover is made with non-cash payments, with a 20% refund if cashless turnover is below 60%. In addition to the above incentives, a 20% refund of VAT...