Second VAT rate cut in four years
The ruling Liberal Democratic Party of Uzbekistan has moved to reduce the standard Value Added Tax rate to 12% from 1 January 2023. The current VAT rate in Uzbekistan is 15%. There is also a plan for a reduced 14% VAT rate this year for certain supplies.
There are no reduced VAT rates in Uzbekistan. Zero-rating applies to exports and international transport. The usual ranges of supplies are exempted: financial services; passenger transport (excluding taxi); medical; others.
Uzbekistan last cut its main VAT rate on 1 October 2019, reducing it down from 20% to 15%.
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