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Uzbekistan Approves Increase in Corporate Tax Rate and Other Changes

|Approved Changes|Uzbekistan
Uzbekistan

Uzbekistan has reportedly approved reform measures for 2020 that were mandated by presidential decree in September 2019. One of the main measures is an increase in the standard corporate tax rate from 12% to 15% with effect from 1 January 2020. Other measures include the abolishment of the simplified VAT regime and a reduction in the unified social contribution rate from 25% to 12% for state-ow…

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