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Uzbekistan Proposed Tax Measures for 2024

09 November 2023

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Proposed Changes

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Uzbekistan

The Uzbekistan Ministry of Economy and Finance is reportedly considering a draft law containing proposed tax measures for 2024. The proposed measures include: Increasing the fixed tax amount option for taxpayers of the single turnover tax from UZS 20 million per year to UZS 25 million if income does not exceed UZS 500 million and from UZS 30 million per year to UZS 34 million if exceeding UZS 500 million, up to UZS 1 billion; Applying the 12% VAT rate to the following from 1 April 2024: the import and sale of medicines, medical and veterinary products, raw materials for...