News about taxes: events, facts and developments on tafs uz.
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A draft law on supporting entrepreneurs, approved by the Legislative Chamber in the first reading on 27 October, provides that the tax penalty cannot exceed the amount of the unpaid tax. Currently, the Tax Code contains no such restriction, although it was in force in the 2007 version.
Aziz KarimovIn an address to the nation, President of Kazakhstan Kassym-Jomart Tokayev said that about 85% of cargo from China to Europe passes through the country and that the vulnerability of maritime routes raises the importance of overland corridors. He also named the timelines for building two nuclear power plants, proposed creating a strategic uranium reserve, and instructed that a new Civil Code be prepared by the end of 2027.
Otabek YusupovPresident of Kazakhstan Kassym-Jomart Tokayev, in his address to the nation on October 28, instructed the government and parliament to study the introduction of a higher tax rate for holders of large fortunes, emphasizing that legally acquired assets will not be restricted.
Otabek YusupovOn 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.
Otabek YusupovEconomist Otabek Bakirov and tax consultant Murod Mukhammadjonov told Kun.uz that the proposal for mandatory digital labeling of vegetable oil is not backed by calculations, and the existing labeling system is still experiencing glitches.
Otabek YusupovAhead of Chancellor John Healey's first Budget, the BBC spoke to people on different incomes — from a universal credit recipient to a high-earning financier — about what they want to see in the tax and spending plan. Their requests: help for single parents, cuts to taxes and fuel duty, access to pension credit, and reform of student loan interest rates. Ahead of Chancellor John Healey's first budget, the BBC spoke to people on different incomes — from a universal credit recipient to a high-earning financier — about what they want to see in the tax and spending plan. Their requests: help for single parents, lower taxes and fuel duties, access to pension credit, and reform of student loan interest rates.
Otabek YusupovChancellor John Healey is preparing a 'do no harm' budget: no rise in capital gains tax, a new levy on banks and less red tape. The main challenge is the outflow of the super-rich, who have left the country with wealth of about $160 billion, plus pressure from defence spending. Chancellor John Healey is preparing a 'do no harm' budget: no increase in capital gains tax, a new levy on banks, and reduced bureaucracy. The main challenge is the outflow of the super-rich, who have left the country with combined wealth of around $160 billion, along with pressure from defence spending.
Aziz KarimovJohn Healey's first budget, to be presented on Wednesday, is expected to introduce a new tax allowance for pensioners on low incomes. The basic state pension will rise by 3.9% from April to £13,036.40 a year, exceeding the tax-free threshold of £12,570. The opposition has put forward alternative proposals.
Aziz KarimovConvicted of carousel VAT fraud, Aarif Patel from Preston stole over £33 million in public funds and attempted to steal up to £90 million. In 2023, he was sentenced in absentia to 20 years in prison but has not served a single day. A confiscation order of £90.5 million issued in 2025 remains unenforced as Patel challenges it in the Court of Appeal. BBC uncovered a network of websites in Dubai portraying him as a successful businessman and philanthropist, though direct links to him remain unproven. Arif Patel of Preston, convicted of a VAT carousel fraud, stole more than £33m of public funds and attempted to steal up to £90m. In 2023 he was sentenced in absentia to 20 years in prison but has not served a single day. The £90.5m confiscation order imposed in 2025 has not been enforced: Patel is contesting it in the Court of Appeal. The BBC has uncovered a network of websites building his image as a businessman and philanthropist in Dubai.
Aziz KarimovChancellor of the Exchequer John Healey is preparing a budget for Wednesday without raising income tax, VAT or National Insurance rates, as the Labour Party promised in its 2024 manifesto. BBC Verify examines four possible sources of revenue: raising the tax on banks, increasing the tax on gaming machines, making online platforms responsible for collecting VAT, and cutting welfare spending. Chancellor of the Exchequer John Healey is preparing Wednesday's budget without raising income tax, VAT or National Insurance rates, as the Labour Party promised in its 2024 manifesto. BBC Verify examines four possible sources of revenue: raising the bank tax, increasing the tax on gaming machines, transferring VAT collection to online platforms, and cutting social security spending.
Aziz KarimovWealth adviser Becky Fatemi said wealthy people should pay a fair share of taxes, but excessive pressure from Prime Minister Andy Burnham's government has already driven the super-rich out of the UK. According to Bloomberg, about half of the combined wealth of British billionaires — £120 billion — has been lost, and around 16,000 millionaires are forecast to have left the country over the past year.
Javlon TursunovCypriot police have opened an investigation into Roman Abramovich's financial affairs following a BBC Panorama and TBIJ investigation into how Deloitte helped conceal $672 million in assets and evade taxes. Abramovich's lawyers deny everything.
Javlon TursunovExperts Otabek Bakirov and Murod Mukhammajonov discussed tax initiatives: the abolition of cashback worth 1.8 trillion soums, vegetable oil labeling, social tax benefits and a carbon tax. They demanded open calculations and an independent assessment of consequences for businesses and the population.
Javlon TursunovBlogger Artyom Chekalin said in his final statement in court that his ex-wife Valeria Chekalina (LERCEK) has barely gotten out of bed for the past month and a half, and asked for a suspended sentence so he could care for their three children. He called the seven years of imprisonment and a fine of 194 million rubles excessive, saying he had compensated the damage and paid the state about 900 million rubles over three years. The court upheld the verdict.
Javlon TursunovAfter an inconclusive European Council summit, its President António Costa is seeking new EU revenue sources for the next long-term budget: taxes on large companies, digital services, tobacco, emissions and gambling. Negotiations are entering a critical phase, with a number of proposals facing resistance from individual countries.
Sevara AzamovaShavkat Mirziyoyev signed a law on October 20 reducing the regulatory burden on entrepreneurs in the sphere of tax disputes. Amendments to the Tax Code and the Economic Procedure Code allow challenging the suspension of account transactions in an economic court and provide for the prompt cancellation of such decisions after a number of violations are resolved.
Sevara AzamovaBy Cabinet of Ministers Resolution No. 574 of October 19, 2026, a temporary procedure for filing declarations of total annual income was approved. The experiment will cover tax authority employees and residents of Navoi and Chirchik over 18 years of age. Declarations for 2026–2027 are submitted via the electronic tax services portal and the Soliq app by April 1 of the year following the reporting year.
Javlon TursunovChancellor John Healey, according to The Times, does not intend to raise capital gains tax (CGT) in the 28 October budget, fearing an outflow of investors and lost revenue. Earlier, Wes Streeting and Louise Haigh had backed a rise. The opposition and Liberal Democrats offered alternatives: spending cuts or a bank profits tax.
Nilufar Karimova
