Thursday, 18, April, 2024

The President signed the Further improvement of interbudgetary relations and tax administration Decree. According to the decree, the Annex No. 1 to the president’s Measures to further streamline foreign economic activity and improve the system of customs and tariff regulation of the Republic of Uzbekistan Decree has been amended and supplemented accordingly.

Customs duty rates will be reduced in two stages: until January 1, 2023 and from January 1, 2023.

From April 15 to December 31, 2022, tariff rates will be reduced from 30% to 15%. The additional coefficients set for each cubic centimeter of vehicle engine power will also be halved, from $3 to $1.50.

From January 1, 2023, the base duty rate of 15% will remain unchanged, however, the additional coefficients set for the volume of a vehicle’s engine will decrease from $1.5 to $1.25.

In addition, customs rates for hybrid vehicles have been established at 15-30% of the cost, depending on the type of engine and the period of production.

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