What will change from October 1: tax, profit rate and others

A number of changes will take place in the legislation of Uzbekistan from October 1 on the basis of relevant laws and decisions.

Tax rates for certain types of alcohol and tobacco products are being increased. The income tax rate for cement (clinker) producers has been reduced from 20 to 15 percent.

It is noted that the manufacturer of exported goods can take into account the input value added tax regardless of the receipt of foreign currency in a bank account in Uzbekistan.

Also, the following are canceled in the tax system:

the obligation to submit tax reports to the tax authorities by individual entrepreneurs who are taxpayers of income tax from a strictly defined number of individuals;

it is prohibited to sell and carry out retail trade after 12 months from the date of customs declaration by the consumer of a separate finished import;

-control functions of a number of government bodies and local government bodies.

Also, the following payments are made from the state budget:

statutes on the permanent service of judges of the Supreme Council of Courts, judges of the Supreme Court, employees of the Department for Supporting the Activities of Courts under the Supreme Court and its territorial offices;

additional remuneration for the qualifications and career level of judges and employees of the Supreme Court, the High Council of Judges, employees of the Department for Support of Courts at the Supreme Court and its territorial offices.