Senators approved the tax code amendments and benefits.

In Uzbekistan, a comprehensive set of measures is being implemented aimed at improving the education system and workforce training, enhancing the quality of transportation services provided to the population, as well as reducing the tax burden for taxpayers.

Senators noted that there is a need to extend the existing preferences and to broaden the list of activities for which temporary tax benefits may be applied.

This law introduces amendments to the Tax Code, extending the application of tax rates established for budget organizations that receive income from additional sources until January 1, 2027, as well as increasing the maximum aggregate income threshold from 5 billion to 10 billion sums, above which taxpayers make monthly advance payments after the end of a full quarter.

The law stipulates that budget subsidies granted by the decision of the President or the Cabinet of Ministers of the Republic of Uzbekistan are not included in the aggregate income.

Additionally, temporary tax benefits on profit tax are provided for expenses related to the construction of buildings for non-state general secondary education organizations funded by their own resources.

There is also a provision for temporary exemption from value-added tax on the importation into Uzbekistan of prosthetic devices and their components, spare parts as listed in the decree approved by the President, and for the operations of wagon (container) operators who are residents of the country and participate in the transportation process by providing wagons (containers) for lease.

As a result of the discussions, the law was approved by the senators.