On February 21, President Shavkat Mirziyoyev signed the Additional measures to stimulate development of domestic market of cars Decree.
According to the Decree, the customs duty rates on car imports will be reduced in two stages. From the moment of signing the document until January 1, 2023, the duties will be reduced by two or more times. We are talking about reducing not only the duty, but also additional coefficients that take into account the engine power of a car.
From January 1, 2023, the rate will remain at 15%, but the additional coefficient will decrease.
In addition, duties will apply only to new cars which were produced no later than 1 year before crossing the customs border of Uzbekistan (for cars from 1 to 3 years, the rates remain unchanged).
For example, an imported car with an engine capacity of up to 1000 cubic cm and costing $6,000 under the current system of customs duties and fees ($30+1.8/cu.cm + 15% VAT + disposal fee of 30 BV (basic values)) will cost $11,790 without importer's surcharge. In other words, for imported passenger car it is necessary to pay an additional 96.5% of its cost (5,790 dollars).
With the reduction of the customs duty (15 + 0.8 dollars/cubic cm), the additional fee will decrease to 3,605 dollars (60% of car’s price) and from January 1, 2023 - to 3,145 dollars (52.4%).
