The President of Uzbekistan signed the Decree dated 26 September 2019 No.UP–5837 “On measures to further improve the tax policy of the Republic of Uzbekistan”.
According to the Decree, from 1 October 2019, the rate of VAT will be reduced from 20 to 15 percent.
Also, the current procedure for suspension by tax authorities of operations on taxpayer accounts with commercial banks is canceled.
In addition, in the process of preparing the draft State Budget for 2020, it is provided for:
From 1 October 2019, the amount of the single tax payment previously credited to the extra-budgetary Pension Fund under the Ministry of Finance is credited to the budgets of the Republic of Karakalpakstan, local budgets of regions and Tashkent city.