Uzbekistan Gazettes Law Amending Various Tax Provisions

The Uzbek Official Gazette Dec. 29, 2023, published Law No. ZRU-891, amending various tax provisions. The law includes measures: 1) removing the VAT exemption on various supplies, including imported medicines and their production, effective April 1; 2) increasing the income threshold for monthly advance corporate income tax payments to 10 billion Uzbek som (US$809,869) from 5 billion som (US$403,146); 3) increasing the single turnover tax to 25 million som (US$2,015) per year for income under 500 million som (US$40,314), and 34 million som (US$2,741) per year for income exceeding 500 million som; 4) extending certain tax exemptions and rates on ...