According to the Law of the Republic of Uzbekistan “On Accounting” and the Resolution of the President of the Republic of Uzbekistan No. 4611 “On Additional Measures for the Transition to International Financial Reporting Standards” as of February 24, 2020 and the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 507...

Presidential Decree # 415 dated 8 November 2022 «Measures to further improve the legal framework of corporate relations».

Resolution of the President #228 dated 30 September 2022 “"On measures to further expand the export potential of entities".

New legislative amendments in Uzbekistan According to Law ZRU#-785 “On introduction of amendments and additions to several legislative acts of the Republic of Uzbekistan related to improvement of tax and custom legislation” dated 27 July 2022, certain amendments and clarifications were made in the Tax Code of Uzbekistan. The aim of this alert is to...

According to the Presidential Decree of the Republic of Uzbekistan “On measures to create favorable conditions for business during the reform of tax administration”, with the aim of reducing tax burden of entities and doing business by simplifying the requirements of tax legislation and creating favorable conditions for the effective introduction of new tax administration...

According to the Resolution of the President #294 dated 27 June 2022, several tax privileges are provided with the aim of support the mass media and developing journalism. In particular: From 1 July 2022 till 1 July 2025: Mass media pay Corporate Income Tax at a tax rate reduced by 50% in relation to the...