OrbitaxUzbekistan Cabinet Adopts New VAT Regulations and Procedures for Notifications on Participation in Foreign Entities and on CFCs
|Approved Changes|Uzbekistan
On 14 August 2020, Uzbekistan’s Cabinet of Ministers adopted Decision No. 489, which provides for the introduction of new regulations meant to improve the VAT system. The Decision was published in the Official Gazette and generally entered into force on 15 August 2020. Some of the main new regulations are summarized as follows:
VAT Refunds
New regulations are introduced for standard VAT re…
Continue Reading
