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Tax Code

News about Tax Code: events, facts and developments on tafs uz.

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Deputies approve bill allowing tax benefits to be applied before they are incorporated into the Tax Code

On 27 October the Legislative Chamber passed in first reading a bill allowing businesses to use sectoral tax benefits established by presidential decisions even before they are enshrined in the Tax Code. Deputies pointed to the delay in incorporating the amendments and a possible contradiction with the ban on individual benefits. On October 27, the Legislative Chamber passed in first reading a draft law allowing businesses to use sectoral tax benefits established by presidential decrees even before they are enshrined in the Tax Code. Deputies pointed to the delay in introducing the amendments and a possible contradiction with the ban on individual benefits.

4 min read

Selling a land plot in Uzbekistan: when you need to pay income tax

Kun.uz explained the taxation procedure when individuals sell land plots in Uzbekistan. The tax is paid by the seller; income is defined as the excess of the sale price over the purchase price (or over the cadastral value if documents are absent). No tax or declaration is required if the plot has been owned for more than 36 months.

2 min read