News & Insights

Leges Advokat assists in acquisition of Uzbek pharma company

Lege Advokat provides legal services in the acquisition of a local pharmaceuticals company

Review of significant changes in taxation for 2023 in Uzbekistan

Major changes in taxes in Uzbekistan for 2023 are: reduction of VAT to 12%, some benefits in personal income tax and VAT are canceled, the rate of turnover tax is unified, more benefits are provided for a tax on profit, most fixed rates rise in average by 10%. In 2023 the current rates for tax on profit (15%, for certain categories - 20%), tax on personal income (12%), tax on property of legal entities (1.5%), land tax for agricultural land (0.95%), social tax (budget organizations - 25%, others - 12%).

Legal Alert for December 2022

December 2022 : Landmark turnarounds in the administrative governance of Uzbekistan were followed by legal headlines in regulation of gasoline, accounting & audit of business entities, management of water resources, gender equality control, electric car production, disposal of state-owned property, taxation of alcohol production activities and many other changes. Leges Advokat law firm has prepared the following bulletin with updates on the business matters of the Republic of Uzbekistan.

Review of the Law of the Republic of Uzbekistan “On Electronic Commerce”

With the adoption of the new Law “On Electronic Commerce”, Uzbekistan takes further steps in the development of e-commerce. In this regard, the Law regulates the contract's conclusion and the payment methods, including the delivery and return of goods.

Construction and installation