Tashkent, Uzbekistan (UzDaily.com) — President of Uzbekistan Shavkat Mirziyoyev has signed a law introducing amendments and additions to several legislative acts, including tax and budget legislation, in line with the adoption of the main directions of tax and budget policy for 2025.

According to the law, changes are being made to the Tax Code of Uzbekistan, exempting from value-added tax the turnover from the sale of vacant non-agricultural land plots. The procedure for levying land tax at double the rate for agricultural land within the boundaries of cities and settlements is also abolished. Amendments are being made to reduce the social tax for individual entrepreneurs’ employees and relieve taxpayers from the obligation to provide accompanying documents with customs border crossing marks.

The law provides for exemptions from excise tax for mobile services, the introduction of temporary tax privileges for publishing and printing activities, information technology, employment of students in businesses, as well as support for youth in selling goods through mobile trade units on the roads. Changes are also being made to support low-income families through employment and tax benefits for the installation of renewable energy sources.

In addition, tax rates on tobacco and alcoholic products, petroleum products, and other excise goods, as well as on property, land, water, and subsoil, and turnover taxes are being adjusted. Tax exemptions for profits and turnover taxes to support the export of goods and services, as well as fixed turnover tax rates, are being abolished.

Moreover, the Budget Code is amended to include a provision stating that changes in legislation related to a reduction in budget revenues or the granting/cancellation of tax and customs privileges will come into effect on 1 January of the next financial year.

The law also introduces amendments to the Law of Uzbekistan "On the Use of Renewable Energy Sources," providing new tax incentives in this area.