Uzbekistan has published Law No. ZRU-767 of 5 May 2022 on additions and amendments to the Tax Code, which provides new and revised tax benefits. The law entered into force on 6 May 2022, with different effective dates for the different measures. As provided in a release from the State Tax Committee, some of the main measures include the following:
Further to the measure mentioned in the release, the law also relaxes the registration requirement for the reduced tax rates for taxpayers engaged in electronic trade of goods, works, and services (e-commerce). Previously, taxpayers engaged in e-commerce activity could qualify for a reduced corporate tax rate of 7.5% if registered in the National Register of Electronic Commerce Entities. As amended, the registration requirement is removed, but the taxpayer must still derive at least 90% of their income from e-commerce activities. Similarly, the reduced turnover tax rate of 2% is provided for taxpayers engaged in e-commerce activity, with the registration requirement removed. The removal of the registration requirement for both reduced rates is effective from 1 July 2022.