Uzbekistan MOF Posts Draft 2025 Budget

The Uzbek Ministry of Finance Nov. 15 posted online the draft 2025 budget. The draft includes measures to: 1) maintain the 15 percent corporate income tax rate, 12 percent individual income tax rate, 12 percent VAT, and 4 percent turnover tax; 2) impose an excise tax on non-carbonated sugary beverages, alcohol, tobacco, vape liquids, and petroleum products; 3) abolish VAT exemptions on goods and services sold by legal entities, the sole participant of which is a public association of persons with disabilities, and on the provision of passenger transportation services at uniform rates; 4) increase the property tax rate by ...