Uzbekistan Tax Changes for 2023 Include Reduced VAT Rate, Reduced Corporate Rate for Taxpayers Changing from Single Turnover Tax, and Others

The State Tax Committee of Uzbekistan has issued a document summarizing various tax changes for 2023. The main changes include the following, which generally apply from 1 January 2023 unless otherwise specified:

• A reduction in the VAT rate from 15% to 12% with effect from 1 January 2023;
• A reduction in the allowed tax audit period for determining the validity of a VAT refund from 60 days to 30 days;
• The introduction of a 0% corporate (profit) tax rate on profit from the sales of goods (serv…