Uzbekistan Publishes Amendments and Additions to the Tax Code

Uzbekistan reportedly published the Act on amendments and additions to the Tax Code in the Official Gazette on 31 December 2019, which generally applies from 1 January 2020. The revised Tax Code includes measures mandated earlier by presidential decree and other changes. Key points include:

• The standard corporate tax rate is increased from 12% to 15%, while the 20% rate is maintained for commercial banks, mobile service providers, and companies producing cement and polyethylene granules;
• The…