Uzbekistan to reduce VAT from 15% to 12% in 2023

The VAT rate will be reduced from 15% to 12% in 2023.

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According to Shavkat Mirziyoyev, in 2022 the corporate property tax rate will be reduced from 2% to 1.5%. From 2023, property and land taxes of legal entities will be merged and a single real estate tax will be introduced.

In business areas such as banking, finance and telecommunications, the income tax will be reduced from 20% to 15% and will be the same for all entrepreneurs.

The goal is to reduce poverty by at least two times by the end of 2026.