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Uzbekistan VAT cut to 15% Oct 2019

  • Sep 26, 2019 | Richard Asquith

The Uzbek President has proposed a VAT reduction from 20% to 15%. The tax subsidy is intended to help small enterprises. The new rate will come into effect on 1 October 2019. The VAT reduction will cost around 10 trillion soums.

To help fund the cut, there will be an increase in excise taxes raising 200 billion soums. The country is also planning to extend the VAT net to foreign e-commerce businesses.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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