Uzbekistan Gazettes Decree Providing Tax Relief Measures for Tourism Sector Due to Coronavirus

The Uzbek Official Gazette May 29 published Decree No. UP-6002, providing tax relief measures for the tourism sector due to the coronavirus pandemic. The decree includes measures implementing: 1) a 50 percent reduced income tax rate on profits between June 1 to Dec. 31 for hotels, tour operators, and travel agents; 2) an interest-free deferral up to Jan. 1, 2021, for payments of local fees allowing for the retail sale of alcoholic products, with subsequent payment in installments within 12 months; 3) an exemption from payment and accrual the tourist tax, up to Jan. 1, 2021; and 4) the right ...