The Uzbekistan government has published for public comment a webpage outlining planned tax reforms, which are meant to reduce the overall tax burden, simplify the tax system, and improve administration. Some of the main aspects of the planned reforms include:
- Replacing the current corporate profit tax with a 25% tax on dividends at the time of distribution (profit tax would remain for commercial banks and insurance companies);
- Reducing the value added tax rate (VAT) from 20% to 12%, expandi…