Effective date: January 1, 2025

Main changes:

• Value Added Tax (VAT):
  The VAT refund procedure has been simplified, especially for exporters. The digital transaction control system has been improved.
• Excise taxes:
  The rates on tobacco products and fuel have been increased. New excisable groups have been introduced.
• Tax incentives:
  The incentives for IT park participants and agricultural producers have been expanded.
• Tax residency:
  The rules for determining tax residency have been clarified. Preferences have been introduced for companies registered in Uzbekistan.
• Digitalization:
  New online tools and API integration with banks and the tax service have been introduced.

Source: Ministry of Economy and Finance of the Republic of Uzbekistan, EY Uzbekistan