Additional Tax Reforms Needed to Spur Investment and Create Jobs in Uzbekistan

AKIPRESS.COM - The 2019 tax reform appropriately focused on simplifying taxes, reducing labor taxes, and broadening the VAT in Uzbekistan, the IMF mission said upon conclusion of visit to the country.

But with the standard tax regime expanding from 7,000 to 35,000 firms ndash tax administration is daunting. The next reforms should prune tax preferences, equalize labor taxes across firms, and provide efficient incentives for foreign investment.

Regarding tax administration, measures are taken to reorganize the headquarter, establish a large tax payer office, and, in the medium term, the governance of field...