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The procedure for the customs clearance of motor vehicles in Uzbekistan has been amended
The State Customs Committee and the Ministry of Internal Affairs of the Republic of Uzbekistan adopted the Resolution “On the amendment of the Regulation on the procedure of the registration of road vehicles moving across the customs border” No.2156-4 dated May 24, 2021 (the “Resolution No.2156-4”).
Technological equipment that are not manufactured in Uzbekistan will be exempted from VAT and customs duty
The Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “On approval of technological equipment, analogues of which are not manufactured in the Republic, exempted from customs duty and VAT at import on the territory of the Republic of Uzbekistan” №352 dated June 4, 2021 determined the list of technological equipment exempted from customs duty and VAT.
Uzbekistan has expanded the list of products subject to mandatory digital labelling
On May 20, 2021, the Cabinet of Ministers of the Republic of Uzbekistan adopted the Resolution “On measures for the implementation of pilot projects to expand the list of products subject to compulsory digital labelling” No.322 (the “Resolution No.322”).
Legislative amendments in land tenure arrangements in Uzbekistan
The Decree of the President of the Republic of Uzbekistan “On measures to ensure equality and transparency in land tenure arrangements, reliable protection of land rights and their transformation into a market asset” No.УП-6243 dated on June 8, 2021 (the “Decree No.УП-6243”) introduced a number of changes in the legislation on land.
Standard & Poor’s improved Uzbekistan’s rating forecast to «stable»
The world-rating agency Standard & Poor's (the “Agency”) in its last report maintained Uzbekistan's sovereign rating at "BB-" level, but improved the forecast for the country from "negative" to "stable".