NEWS & ALERTS

The tax authorities are strengthening their control over the timely filing of notifications on controlled transactions. Taxpayers that failed to meet the applicable deadline are being sent request letters for the submission of notifications.

On 14 August 2026, Law No. 1164 of the Republic of Uzbekistan entered into force, introducing Article 28 on the special regime “Business entry without a license” into the Law of the Republic of Uzbekistan “On licensing, permitting and notification procedures”.

On 3 August 2026, the Cabinet of Ministers of the Republic of Uzbekistan adopted Resolution No. 415 “On Approval of the List of Foreign States Providing an Adequate Level of Personal Data Protection”.

On 2 June 2026, the Central Bank of the Republic of Uzbekistan adopted a resolution amending the Regulation on the Procedure for Certain Foreign Exchange Transactions Related to Capital Movements. The most significant changes introduced by the Resolution, as well as their practical implications for outbound investments, are outlined in our publication.

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On 26 May 2026, the President of the Republic of Uzbekistan signed a decree aimed at stimulating entrepreneurship, simplifying VAT administration and reducing the tax burden on small businesses). Read more about key developments related to the adoption of this decree.

On 21 May 2026, the Cabinet of Ministers of the Republic of Uzbekistan adopted Resolution № 270, approved the Regulation on the procedure for granting a special tax regime to foreign citizens (“Regulation”) as part of the implementation of Presidential Decree of the Republic of Uzbekistan No. PD-180 dated 4 October 2025.

On 21 April 2026, the new Law “On Limited Liability Companies” (the “Law”) was adopted in the Republic of Uzbekistan providing for a comprehensive revision of corporate regulation of limited liability companies (“LLCs”).

On April 13, 2026, the President of the Republic of Uzbekistan signed Resolution No. PP-136 “On measures to create favorable conditions for the further development of e-commerce in the Republic of Uzbekistan.”

On March 30, 2026, the President of the Republic of Uzbekistan signed decree no. Up-48 “On the establishment of the Tashkent International Financial Center” (TIFC).

On March 27, 2026, the President of the Republic of Uzbekistan signed a law aimed at developing and introducing Islamic banking in the country.

On 26 March 2026, Law No. ZRU-1125 of the Republic of Uzbekistan “On Amendments and Additions to the Law of the Republic of Uzbekistan ‘On Personal Data’” was adopted.

In December 2025, the Senate of the Republic of Uzbekistan approved a Law introducing amendments to the tax legislation in line with the tax and budgetary policy.

Inside the guide you will find an overview of key tax, regulatory and other aspects of running business in Uzbekistan.

In the 2026 Budget Message, several important tax changes were announced that are expected to take effect next year. To help you navigate them, we’ve prepared a short Tax Alert.

In accordance with the Presidential Decree of the Republic of Uzbekistan of 04.10.2025 No. УП-180 (“the Decree”), starting from January 1st, 2026 a special tax regime would be available for foreign nationals, providing for potential exemption from personal income tax on income derived from the sources outside of the Republic of Uzbekistan.

On 7 February 2025, the Republic of Uzbekistan enacted Law No. ZRU-1025 "On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan for the Development of Corporate Relations". Learn more.

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In our alert, we have summarized the most significant changes in the customs legislation of the Republic of Uzbekistan that came into force on May 28, 2024.

During the Third Tashkent International Investment Forum held on May 2-3, 2024, the President of the Republic of Uzbekistan Shavkat Mirziyoyev announced a number of measures mainly aimed at enhancing the investment climate in the country.

In this alert, we have summarized, in our opinion, the most significant changes in the tax legislation of the Republic of Uzbekistan.