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Uzbekistan introduces new mechanisms to support the capital market
The Resolution of the President “On additional measures to implement effective capital market support mechanisms” No.ПП-90 dated January 17, 2022 (the “Resolution No.ПП-90”) establishes that from April 1, 2022 to December 31, 2024
GRATA International in’s «recommended lawyers» Russian ranking, one of Russia’s leading legal directory, has recently published its list of 1048 country’s leading lawyers. The selection was based on several criteria: key projects in 2021, legal experience, years of practice, professional achievements.
On Amendments to the Law of the Kyrgyz Republic “On Arbitration Courts in the Kyrgyz Republic”
On the basis of the Law of the Kyrgyz Republic “On Enactment of the Tax Code of the Kyrgyz Republic dated January 18, 2022 No. 4, starting from January 1, 2023, citizens and organizations have the right to initiate arbitration proceedings to resolve a tax dispute.
On the adoption of the Tax Code of the Kyrgyz Republic
The purpose of the Tax Code is to optimize tax administration, ensure the stability of the tax system, further improve the digitalization of tax procedures, create equal conditions for doing business and reduce the shadow component of the economy.
On the pilot project on digital administration of excise tax on excisable goods
In order to improve and simplify the administration of excise tax as part of the introduction of an electronic system for the fiscalization of tax procedures, testing the mechanism for confirming the payment of excise tax to budget revenue by labeling alcohol and tobacco products or their packaging with identification tools, by the Resolution No. 359 of the Cabinet of Ministers of the Kyrgyz Republic dated December 31, 2021
GRATA International in Azerbaijan held a webinar on: "Doing Business"
On February 3, 2022, the online webinar on Doing Business in Azerbaijan was held, which covered issues from the corporate, labor, migration and tax points of view of doing business.
Partners of GRATA International spoke at the Business Briefing on Doing Business in Kazakhstan
On November 22, 2021, at RIXOS Almaty, a Business Briefing on Doing Business in Kazakhstan, organized by the Wallonia Export & Investment Agency (AWEX), was held.
Investors will be granted a tax deferral in Uzbekistan
By the Decision of the President of the Republic of Uzbekistan “On improvement of mechanisms of tax deferral by domestic and foreign Investors” No.ПП-5274 dated from November 2, 2021 (the “Decision No.ПП-5274”), the business entities have been granted tax benefits in the form of a deferral.
Adoption of the Rules regarding implementation of Article 111.3 of the Tax Code
On September 22, 2021, the Cabinet of Ministers of the Republic of Azerbaijan (“CabMin”) adopted Resolution #276 on approval of the Rules “On deduction of amounts attributable to the creation of special reserve funds for taxation purposes” (“Rules”).
Tax and customs incentives for subsoil users in Uzbekistan
On 6 October 2021, the President of the Republic of Uzbekistan signed the Decree “On measures for further stimulation of geological exploration works and improvement of the taxation procedure of subsoil users” No.УП-6319 (the “Decree No.УП-6319”).
There have been adopted measures to improve the record keeping system of taxpayers in Uzbekistan
On September 22, 2021, there was adopted the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “On measures to further improve the record keeping of taxpayers and simplify the procedure of refunding value added tax” No.529 (the “Resolution No.529”).  
New framing for Holdings activities
Since April 10, 2021 the new Presidential Decree on Holdings activity is entering into force. It widens the powers of the Holding’s managing companies such as approval of business-plans on development of subsidiary companies.