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Uzbekistan extends tax incentives for the import and sale of potatoes

Fresh Common Potato
Uzbekistan
Published Jan 14, 2022

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On January 11, 2022, the upper house of the Parliament of Uzbekistan approved a draft law, according to which tax incentives for the import and sale of a number of food products, including potatoes, are extended until April 30, 2022, EastFruit experts report. On October 21, 2021, as a factor in curbing the growth of prices for potatoes in the domestic market, the Senate of the Oliy Majlis (upper house of parliament) of the country approved a law amending the Tax Code, which provides for the zero value added tax (VAT) on the import and sale of a number of food products. products, including potatoes. According to this document, from October 10 to December 31, 2021, imports and sales of these goods were exempt from VAT. Upon the expiration of these tax incentives, on January 11, 2022, the upper house of the country's parliament approved a law amending the Tax Code, according to which, until April 30, 2022, the import and sale of a number of food products, including potatoes, are ...
Source: Eastfruit
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