Uzbekistan: Proposed tax measures in 2025-2027 budget
Proposed tax measures include repeal of certain VAT benefits
The Uzbekistan Ministry of Economy and Finance on October 30, 2024, published its budget for 2025-2027, which would generally maintain standard tax rates, but also introduce the following proposed tax measures:
- New excise taxes on non-carbonated sugary beverages
- Increase in property and land taxes by 10%
- Repeal of certain value added tax (VAT) benefits
- Increase in profit tax rate for electronic commerce to 10% and turnover tax to 3%