OrbitaxOrbitax

Uzbekistan Amends Individual Income Tax and Social Security

|Approved Changes|Uzbekistan
Uzbekistan

The Uzbek President reportedly signed an order on 29 June 2018 to:

  • Replace the current progressive individual income tax rates with a flat rate of 12%;
  • Abolish the 8% contribution to the non-budget pension fund; and
  • Replace the current 25% unified social tax (15% for micro-firms, small enterprises, and farms) with a 25% social tax on state-owned and state-funded companies and those with 50% or…

Continue Reading