The Republic of Uzbekistan has made amendments and additions to its Tax Code.
According to the Law (ZRU No. 1013, dated December 24, 2024), the tax rates established for budget organizations receiving income from additional sources are extended until January 1, 2027.
Additionally, amendments are being made to increase the maximum aggregate income from 5 billion to 10 billion sums, above which taxpayers are required to pay monthly advance payments after a full quarter has passed.
Changes are also being introduced that establish that budget subsidies issued based on the decision of the President of the Republic of Uzbekistan or the Cabinet of Ministers of the Republic of Uzbekistan are not included in the aggregate income.
Furthermore, temporary tax incentives for profit tax (from January 1, 2025, to January 1, 2030) are provided for expenses related to the construction of buildings for non-state organizations of general secondary education funded by their own resources.
Moreover, until January 1, 2027, the importation of prosthetic devices and their components into the territory of the Republic of Uzbekistan is exempt from value-added tax, and from November 1, 2024, to January 1, 2026, the operations of wagon (container) operators who are residents of the Republic of Uzbekistan providing services for the leasing of wagons (containers) in the transportation process by rail are also exempt from value-added tax.