OrbitaxUpdate - Uzbekistan Group Consolidation, CFC, and Transfer Pricing Rules Apply from 2022 and New Loss, Thin Cap, and Digital VAT Rules Apply from 2020
|Approved Changes|Uzbekistan
As previously reported, Uzbekistan published the Act on amendments and additions to the Tax Code in the Official Gazette on 31 December 2019, which generally applies from 1 January 2020. However, the new group consolidation rules, controlled foreign company (CFC) rules, and transfer pricing rules apply from 1 January 2022. It also provided that for the first year, a person (natural or legal) wi…
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