Tashkent, Uzbekistan (UzDaily.com) - The tax code, which was in force until 1 January 2020, included 380 preferential provisions providing for exemption or having a preferential character.

With the adoption of the new version of the Tax Code, benefits have been optimized. As a result, tax breaks that were not justified were canceled, and their number was reduced to 301.

At the same time, tax incentives of social significance were retained (education, medicine, culture, housing and communal services).

Also, the benefits provided for by the decisions of the President and the Cabinet of Ministers of the Republic of Uzbekistan for important sectors of the economy will be valid until the end of their terms.

At a press conference with the leadership of the State Tax Committee at the Information and Mass Communications Agency, on 17 February, detailed information was provided on these and other important changes in the process of tax reform.