12. Sept. 2025
On August 21, 2024,the Uzbek State Tax Committee introduced a set of significant tax initiatives aimed at supporting various sectors of the economy. Here are the key points:
VAT Exemption on Land AcquisitionsEntrepreneurs who acquire land through auction sales will benefit from a VAT exemption, alleviating the financial burden of such purchases.
Land Tax ReductionA 50% reduction in land tax will be offered for new land allocations outside regional centers, applicable during the construction phase, making development projects more cost-effective.
VAT Cashback for Tourism IndustryStarting October 1, 2024, the tourism sector will benefit from a 20% VAT cashback on payments made to hotels and tour operators, incentivizing the industry to grow.
VAT Cashback for Catering BusinessesFrom January 1, 2025, catering establishments will be eligible for partial VAT refunds, further easing their tax obligations and supporting the growth of food service providers.
VAT Refunds for ExportersA streamlined process for VAT refunds will be introduced, using electronic customs data as the sole requirement for refund claims, simplifying the procedure for exporters.
Profit Tax Reduction for Cafes and RestaurantsA 50% reduction in profit tax will be granted to restaurants and cafes, offering substantial savings and promoting growth within the food service sector.
These tax measures, scheduled for phased implementation, reflect Uzbekistan’s efforts to stimulate economic activity and provide targeted relief to key industries.