Uzbekistan has reduced the rates of subsurface (subsoil) use tax for the production/extraction of natural resources from 1 January 2022. This includes rates of 10% for natural gas and oil, 7% for gold and copper, 2.7% for tungsten, and 8% for uranium.
In addition to the subsurface use tax reduction, Uzbekistan has also introduced a rent tax from 1 January 2022 on subsurface users engaged in the production/extraction of oil, natural gas, gas condensate, and precious, non-ferrous, rare, and r…