Uzbekistan implements automated VAT refunds, enhanced tax risk management
Uzbekistan's tax administration will undergo significant changes starting 1 January 2027, following Presidential Resolution No. PP-95 issued on 19 May 2026. The decree introduces faster VAT refund processes and new registration requirements for
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Uzbekistan introduces tax incentives for electrical engineering sector
Uzbekistan’s President has signed Resolution No. PP-325 on 12 September 2026, introducing tax and financial incentives to attract major investors and support domestic manufacturers of electrical engineering products. Resolution No. PP-325
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Uzbekistan introduces tax amnesty for SMEs
Uzbekistan has issued Presidential Decree No. PF-175 of 28 August 2026, which provides tax amnesty for small and medium-sized enterprises. The Decree officially establishes a comprehensive "Second Chance" economic amnesty for small and medium-sized
See MoreUzbekistan introduces new tax, compliance rules for e-commerce
Uzbekistan published Law No. ZRU-1173 on 10 September 2026, introducing measures to strengthen regulation of the e-commerce sector. The new legislation establishes a unified regulatory and taxation framework governing cross-border digital
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Hong Kong, Uzbekistan begin income tax treaty negotiations
Officials from Hong Kong and Uzbekistan will hold their first round of negotiations on an income tax treaty from 14 to 18 September 2026, according to an update from the Hong Kong Inland Revenue Department. If an agreement is reached, it will
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Austria: Bundesrat approves protocol to tax treaty with Uzbekistan
Austria's Federal Council (Bundesrat) approved the protocol to the 2000 income and capital tax treaty with Uzbekistan on 16 July 2026. The protocol updates the treaty preamble to align with BEPS standards, revises the dual-resident rule for
See MoreUzbekistan signs multilateral convention to tackle tax evasion and avoidance
The OECD has announced that Uzbekistan signed the OECD-Council of Europe Convention on the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) as amended by the 2010 Protocol, on 15 July 2026. The
See MoreAustria: National Council approves protocol amending tax treaty with Uzbekistan
Austria's National Council approved the protocol to the 2000 income and capital tax treaty with Uzbekistan on 7 July 2026. The protocol updates the treaty preamble to align with BEPS standards, revises the dual-resident rule for non-individuals,
See MoreUzbekistan introduces simplified VAT rate, tax reforms for small businesses
Uzbekistan has issued Presidential Decree No. UP-100 of 26 May 2026, which outlines a comprehensive reform package designed to modernise and simplify the tax environment for small businesses in Uzbekistan. Scheduled for implementation between
See MoreUzbekistan introduces tax exemptions for cultural, arts sectors
Uzbekistan has released Presidential Decree No. UP-103 of 2 June 2026, which introduces various measures aimed at the modernisation and expansion of cultural and arts sectors in Uzbekistan. To foster new talent, the government is establishing
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Austria, Uzbekistan sign amending protocol to tax treaty
Austria’s Federal Ministry of European and International Affairs announced that Austria and Uzbekistan signed an amending protocol to the 2000 income and capital tax treaty on 7 May 2026. The protocol was signed by officials from both countries
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Austria: Council of Ministers approves signing of an amending protocol to the tax treaty with Uzbekistan
The Austrian Council of Ministers authorized the signing of an amending protocol to the 2000 income and capital tax treaty with Uzbekistan on 22 April 2026. The 49th Council of Ministers (22 April 2026) approved previous minutes, extended the
See MoreUzbekistan, Vietnam to sign amending protocol to tax treaty
Vietnam’s government issued a statement mentioning that representatives of Uzbekistan and Vietnam convened an online meeting on 9 February 2026 to assess progress in bilateral cooperation, including discussions on finalising and signing an
See MoreUzbekistan outlines 2026–28 budget and fiscal plan, proposes higher corporate income tax
Uzbekistan's Ministry of Economy and Finance has announced the Budget and Tax Policy for 2026 to 2028 on 26 November 2025. A cornerstone of the forthcoming tax strategy is the consistency of the primary ad valorem tax rates, providing
See MoreUzbekistan agree on trade deal with the US
The US and Uzbekistan agreed on a trade and economic deal on 7 November 2025. President Donald Trump announced on Truth Social that Uzbekistan intends to invest and purchase approximately USD 35 billion from U.S. sectors over the next three
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India, Uzbekistan IPA enters into force
The agreement encourages investment, ensures protection and transparency, provides mechanisms for resolving disputes, and supports a strong investment climate to strengthen economic ties between the two countries. The India–Uzbekistan
See MoreUzbekistan: Parliament considers proposal to implement Islamic banking
The draft law will provide a legal framework for Islamic banking in Uzbekistan, enabling the establishment of Islamic banks and windows, curbing the hidden economy, and attracting foreign investment in line with international Islamic finance
See MoreUzbekistan: President announces tax incentives for legal firms
From 1 January 2026, legal entities switching from turnover tax to VAT for the first time will receive a 1-year corporate tax exemption, a 1-year waiver of VAT registration penalties, and a six-month deduction on accounting
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