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
Presidential Decree № 4 dated
July 16th 2019 “On the change of
taxation”
President amended Regulation on High Tech Park (HTP), approved by the Decree of the President of Republic of Belarus № 12 dated 22.09.2005. Amendments came into force on July 19th 2019, however are applicable from January 1st 2019.
Navoi region becomes a free
economic zone
According to the decree, the territory of Navoi region is defined as a free economic zone for innovative, high-tech, export-oriented and import-substituting industries for the period up to 1 January 2030, with the possibility of further extension in due course.
On the bankruptcy. The tax
authority now must estimate the
economic feasibility of a
bankruptcy procedure before
appealing to a court.
The Constitutional Court of the Russian Federation has obliged a tax authority to check the relevancy of the claim to recognize a debtor as a bankrupt in terms of prospects and economic feasibility of initiating such dispute.
Uzbek President signed the law on the improvement of business
climate in the country
The President of Uzbekistan Shavkat Mirziyoyev signed the Law “On introducing changes and amendments to some legislative acts of the Republic of Uzbekistan in connection with the adoption of additional measures to improve the business climate in the country”.
15.04.2019
Legal 500 has recently released its annual rankings of international law firms – Legal 500 EMEA 2019.
Procedure for confirming the
residence of Kyrgyzstan has been
simplified
In Kyrgyzstan, the procedure for obtaining a document to confirm the tax status (residence) of the Kyrgyz Republic has been simplified.
Uzbekistan Tax and Budget Law
for 2019
Uzbekistan has published Law No. ЗРУ-508 of 24 December 2018, which includes amendments in relation to the tax and budget policy for 2019.
13.12.2018
From January 1, 2019, CIT changes adopted by the Polish parliament at the end of 2018 are coming into force.
13.12.2018
On January 1, 2019 (subject to some provisions that will become effective later) a package of changes in tax and economic law intended by the legislator to simplify running a business are coming into force.