Now, financial sanctions for tax offenses are applied only by the court

For tax violations in the amount of more than 10 million soums, if the business entity denies the violation, the practice of applying financial sanctions only in the court procedure is established. This is stated in the 'Uzbekistan-2030' strategy approved by the Presidential Decree.

Starting from January 1, 2024, the following procedures will be introduced:

• Providing a subsidy of 50 percent of the insurance premium for crop insurance to agricultural producers.

• For 'Research and Development' centers, for a period of 3 years from the date of their establishment, pay 1% of the amount calculated on property tax and land tax, and calculate the social tax rate for their employees in the amount of 1%.

• Financing by issuing bonds of at least 5% of the value of investment projects implemented annually by organizations with a state share of more than 50%.

Additionally, from October 1, 2023, for tax violations of more than 10 million soums, if the business entity denies the violation, the practice of applying financial sanctions only in court will be established.

According to the decision, starting from January 1, 2024, the system of full VAT refund to individuals and legal entities will be expanded at the expense of:

•    Foreign tourists - for products purchased in Uzbekistan at the international airports of Uzbekistan and processed under the 'Tax Free' system.

•    Tour operators - for export services provided within the framework of contracts with foreign counterparts.