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Uzbekistan to remove VAT exemptions from April 1, 2024

Uzbekistan's Tax Committee has announced a crucial update: starting April 1, 2024, selected VAT exemptions will be removed. This change, part of a broader tax reform, will impact trade services, specific imports, and previously exempt services like water supply and heating. The move aims to streamline tax regulations, broaden the tax base, and enhance the tax system's efficiency. Businesses are urged to prepare for these changes, as they will affect cost dynamics and pricing strategies, potentially leading to increased prices for consumers.

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