Changes in taxes in Uzbekistan

As reported by UzDaily.uz; there will be changes in taxing in effect from January 1st of 2015;

– Increasing the tax rate on personal property from 1.2% of the inventory value of assets to 1.3%. The rate for houses and apartments in cities, and a total area of more than 200 and up to 500 square meters, increased from 1.4% to 1.6%, more than 500 square meters – from 1.8% to 2.2%.

– Increasing the tax on fuel consumption for vehicles. Tax on gasoline consumption increased by 25 soms – from 265 to 290 soms per liter (1 uzbek som per USD official exchange rate is currently 0.00041), diesel by 20 soums – from 180 to 200 sums per liter compressed gas – also 20 soms – from 220 to 240 soms per cubic meter. Tax rates on car fuel consumption are common throughout the territory of Uzbekistan. Tax increase will lead to higher prices for motor fuel. Now one liter of gasoline AI-80 in Uzbekistan costs 2005 soms ($3.15 per gallon), Ai-91 – 2210 soms ($3.48 per gallon), Ai-95 – 2435 soms ($3.82 per gallon);

– Increasing the excise tax on tobacco products manufactured in Uzbekistan. Excise tax on cigaretes with filter and non-filter cigarettes will rise from 17.451 thousand to 19.196 thousand per thousand cigarets;

– Increasing the rate of excise duty on manufactured in the Republic of alcoholic beverages, alcohol, and beer. Excise tax on alcohol for 1 decilitre of finished products will be 4,183 thousand Soms (+ 15%) and natural wines – 5,767 thousand Soms (+ 5%). Excise tax on other wines for 1 decilitre of finished products will rise to 7,246 thousand Soms (+ 10%), brandy, vodka and other strong alcoholic beverages – 37.605 thousand Soms (+ 15%), beer – 4,106 thousand Soms (+ 15%).

More details are here

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About Ahmed Islamov

I was born and raised in Uzbekistan and lived in that country for about two thirds of my life. I left the country about 14 years ago but sustained tight bonds with my family and friends living there. I know and communicate personally with hundreds of people including blue-, white- or pink-collar workers. I am naturally very attached to and concerned with everything that is going on there.
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