Uzbekistan improves its position in the Competitive Industrial Performance Index by the end of 2021
Uzbekistan ranked 94th in the annual country report “Competitive Industrial Performance Index 2021” published by the United Nations Industrial Development Organization (UNIDO).
Uzbekistan plans to reduce the VAT rate from 2023
In the Х Congress of the Liberal Democratic Party, the President of Uzbekistan, in his election programme, stated that the VAT rate would be reduced from 15% to 12%.
Uzbekistan provides new preferential conditions for the participants of SEZ
According to the Resolutionof the President “On measures to further support the participants in special economic zones” No.ПП-5243 dated September 14, 2021, it was established that in connection with the cancellation of income tax benefits for participants in special economic zones (the “SEZ”) from January 1, 2020, the unused part of these tax benefits will be fully applied for participants in SEZ included in the register of participants in SEZ as of October 1, 2020, for a period of 3 to 10 years from the date of their inclusion in the register based on the volume of investments they made.
Customs posts for remote electronic declaration are created in Uzbekistan
In accordance with the Decree of the President of the Republic of Uzbekistan “On simplifying customs procedures and further improving the organizational structure of state customs authorities” No.ПП-6310 dated September 9, 2021, uncategorized customs posts for remote electronic declaration are created.
New measures to support participants of special economic zones are adopted in Uzbekistan
There was adopted the Resolution the President of the Republic of Uzbekistan “On measures to further support the participants of special economic zones” No.ПП-5243 (the “Resolution No.ПП-5243”) dated September 14, 2021.