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Excise tax for compressed gas, alcohol and tobacco will increase
New excise tax rates are established by the Decree of the President of the Republic of Uzbekistan dated July 24, 2019 No. UP – 5771 “On measures to further improve the regulation of production and realization of certain types of excisable goods”.
Regulatory developments in the legislation of the Republic of Uzbekistan
Since July 1, 2019, changes came into force that will affect customs regulation, licensing, public procurement, investor relations, corruption risk assessment and many different sectors.
English law system will be introduced in the Navoi region
The authorities of Uzbekistan decided to introduce a system of English law in the Navoi free economic zone
The regulation on the Agency for Intellectual Property under the Ministry of Justice has been approved
In accordance with the Government Resolution (№ 609 dated 20 July 2019 г.), coordination, control and general management of the Agency’s activities, strengthening the material and technical base and organizing advanced training for Agency employees is carried out by the Ministry of Justice.
Uzbek President signs the Law on Personal Data
President of Uzbekistan Shavkat Mirziyoyev signed the law “On Personal Data”.
The President of Uzbekistan signs a Law “On Tourism”
On 18 July 2019 President of the Republic of Uzbekistan Shavkat Mirziyoyev signed a Law “On Tourism”.
Resolution of the Board of the National bank of the Republic of Belarus dated May 30th 2019 № 234 “On the change of the Resolution of the Board of the National bank of the Republic of Belarus dated July 9th 2009 №101”
Act provides some regulation on performance of currency operations with the use of electronic information systems (payment platform) of non-residents were regulated.
The Central Bank keeps the refinancing rate at 16% per annum
By decision from 20 July 2019, the Board of the Central Bank kept the refinancing rate unchanged at 16% per annum.
Reorganization of UZBEKNEFTEGAZ JSC
In the management system and organizational structure of JSC "Uzbekneftegaz", there have been significant changes.