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:

• Legal entities that are fully exempt from property and land taxes under Article 483 of the Tax Code and certain presidential decisions are required to pay 1% of the otherwise accrued amount of these taxes, which includes tour operators, travel agents, accommodation service providers in the tourism sector, catering establishments, and certain others (effective 3 months after the law's entry into force);
• VAT exemptions for vegetable oil and certain foods that were previously scheduled to expire on 30 April 2022 are extended to 31 December 2022 for:
  • the import of vegetable oil, sunflower and flax seeds, and soybeans, as well as turnover from the production and (or) sale of vegetable oil (except cottonseed oil); and
  • turnover from the sale of meat (beef and mutton), live animals (cattle and sheep) and products of their slaughter, and potatoes, as well as their import into Uzbekistan (the VAT exemption for chicken, frozen fish, and live poultry is not extended beyond 30 April 2022);
• Taxpayers operating in the fields of local industry, agriculture, and services in Mo'ynoq District are granted the following benefits from 1 January 2022 to 1 January 2031:
  • payment of corporate tax, turnover tax, social tax, and personal income tax at a rate of 1%; and
  • payment of property and land taxes and the tax on the use of water resources in the amount of 1% of the otherwise accrued amount of these taxes; and
• A reduced social tax rate of 1% is provided for exporters of dyed fabrics and finished garments from 1 February 2022 to 1 January 2025, provided that at least 80% of total revenue is derived from the export of such products.

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.