Uzbekistan Gazettes Decree Introducing Various Tax Measures

The Uzbek Official Gazette Dec. 27, 2024, published Presidential Decree No. UP-229, introducing various tax measures. The decree includes measures: 1) clarifying that there won’t be an increase in VAT and income tax rates until Jan. 1, 2028; 2) applying a 1 percent profit and individual income tax rate for businesses involved in the production of knitwear, footwear, and leather goods from Jan. 1, 2025, to Jan. 1, 2028, subject to conditions; 3) recognizing medical and pharmaceutical businesses as VAT payers from April 1, regardless of income; and 4) establishing an export duty of 2 percent of the export price ...