Legislative Chamber of Oliy Majlis of Uzbekistan passed the law on 11 December and Senate approved it on 12 December 2013.

The law was developed in line with the concept of tax policy for 2014 and to execute some decisions of the Uzbek President and clarify some norms of legislation to unify their implementation.

The document is directed at decreasing tax burden to business entities and economy, simplify taxation system, strengthen local budgets and improve tax administration.

The law introduces changes to the Tax Code. In particular, it introduces changes to article on taxation of individuals, legal entities and foreign citizens. The law also introduced other amendments to the tax legislation.