Finance

Tax revenue up 16% in Uzbekistan in 2022

In 2022, tax authorities in Uzbekistan collected taxes for more than 148.4 trillion soums , which is 20.4 trillion soums or 16% higher compared to 2021. This was reported by the press service of the Tax Committee.

The volume of official reserves of Uzbekistan exceeds US$35.76 billion.

As of 1 January 2023, Uzbekistan’s official reserves exceeded US$35.765 billion, according to the data of the Central Bank.

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Some 1,200 road accidents occurred in Tashkent

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Waste processing complex to be built in Tashkent region

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Amendments to the legislation on turnover tax

A single tax rate of 4% is set for all categories of taxpayers of turnover tax. This was reported by the press service of the State Tax Committee.

Central Bank of Uzbekistan sells 2 tons of gold in November – World Gold Council

Uzbekistan became one of the largest sellers of gold in the world in November 2022. It was reported by the World Gold Council (World Gold Council).

Kapitalbank to will become part of the Uzum ecosystem

On 28 December 2022, Finance TCI LLC acquired 50% of the shares of Kapitalbank at exchange auctions. The deal amounted to 786.89 billion soums. Thus, the Russian company Telecominvest withdrew from the shareholders of the bank, and the Uzbek LLC "Finance TCI" became the majority shareholder with a share of ownership of 61.54%.

The volume of insurance services reached 5.41 trillion soums in Jan-Nov

According to preliminary data from the State Statistics Committee, in January-November 2022, the volume of insurance services reached 5.41 trillion soums. Compared to January-November 2021, the growth rate was 74.1%.

Finance TCI becomes the owner of 61.54% of the shares of Kapitalbank

Finance TCI became the owner of a 61.54% stake in Kapitalbank after purchasing a 50% stake in the bank at the end of December 2022.

Kapitalbank registers the issue of 40 million ordinary shares

Kapitalbank registered the issue of 40 million ordinary shares for a total of 38 billion soums.

Income tax changes in 2023

From 1 November 2022, profits from the sale of goods (services) for export are subject to taxation at a tax rate of 0%, regardless of the share of export income in total income.

Support Level acquires a 100% state stake in Uzagroexportbank for `US$5 million.

Support Level has acquired a 100% state stake in the authorized capital of JSCB Uzagroexportbank for US$5 million, the State Assets Management Agency of Uzbekistan said in a statement.

Currency rates from 27/01/2023

$ 1 11320.02 +0.242%
€ 1 12334.29 +0.380%
₽ 1 164.02 +0.098%
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