Uzbekistan Tax Changes from April 2022 Including Several Tax Benefits

On 31 March 2022, the State Tax Committee of Uzbekistan issued an overview of tax changes with effect from 1 April 2022. The changes are made through various presidential decrees and include:

• Until 31 December 2024:
  • both resident and non-resident individuals are exempt from income tax on dividends from shares;
  • non-resident legal entities are subject to a 5% corporate income tax rate on dividends from shares (in line with the rate for resident entities); and
  • resident and non-resident individ…