The Uzbek President reportedly signed an order on 29 June 2018 to:
- Replace the current progressive individual income tax rates with a flat rate of 12%;
- Abolish the 8% contribution to the non-budget pension fund; and
- Replace the current 25% unified social tax (15% for micro-firms, small enterprises, and farms) with a 25% social tax on state-owned and state-funded companies and those with 50% or greater state-owned capital and a 12% social tax on other companies.
The changes apply from 1 Jan…