CHANGES IN THE NEW EDITION OF THE TAX CODE OF UZBEKISTAN: TAX INCENTIVES AND RATES

The 2026 amendments to the Tax Code of Uzbekistan represent a significant evolution of the country’s fiscal system. While core tax rates remain stable, the system of tax incentives has been restructured to reduce broad exemptions and implement targeted, performance-based benefits. These reforms aim to enhance transparency, improve compliance, support entrepreneurship, and foster sustainable economic growth. The study analyzes changes in corporate income tax, turnover tax, VAT, and sector-specific incentives, as well as their economic and administrative implications.