The Decree of the President dated 30.12.2022 № PP-471 “On measures to ensure the implementation of the Law of the Republic of Uzbekistan “On the State Budget of the Republic of Uzbekistan for the year 2023” was adopted.

The document approves:

– Limits of budgetary allocations for administrators of budgetary funds of the second level in 2023;

– Minimum allowable sizes of circulating cash of the republican budget of the Republic of Uzbekistan, the budget of the Republic of Karakalpakstan, local budgets of regions and Tashkent city for 2023;

– Forecasts of revenues of the State budget of the Republic of Uzbekistan for 2023;

– The list of major taxpayers, income tax from which is sent to the national budget of the Republic of Uzbekistan in full;

– “Roadmap” to ensure the sustainability of the State budget of the Republic of Uzbekistan and improve the efficiency of expenditures.

According to the resolution it is envisaged to leave in the republican budget of the Republic of Karakalpakstan, regional budgets of regions and the Tashkent city budget a part of over-fulfillment of revenue forecast in the following amounts for the following types of taxes:

– personal income tax in full;

– Profit tax in full (except for the profit tax paid by the large taxpayers, non-residents of the Republic of Uzbekistan, operating through an institution permanently operating in the Republic of Uzbekistan, as well as from the income of non-residents withheld at source);

– in the Republic of Karakalpakstan – 100%, in other regions – 60% of the over-fulfilled forecast of income from value added tax (except for VAT paid by large taxpayers.

In 2023 the norms of distribution of social tax revenues, which were in effect in 2022, will remain in effect.

At the same time, the following tax rates for 2023 were approved:

– for Navoi Mining and Metallurgical Plant JSC and Almalyk Mining and Metallurgical Plant JSC:

o profit tax based on the degree of profitability;

o Subsoil use tax for gold – 10% and for palladium, silver and copper – 15%;

– for JSC Uzbekneftegaz for oil, natural gas and gas condensate – 15%;

– The amount of fee for gold jewelry sold in retail trade – 1,000 soums per 1 gram.

In addition, from January 1, 2023 to January 1, 2026 there shall be set the following reduction coefficients regarding the amount of parental payments for providing children in state preschool educational organizations based on the categories of districts:

– Category 5 – 50%;

– 4 categories – 50%;

– 3 category (except for urban settlements) – 30%.

The document was published in the National legislative database and entered into force on 01.01.2023.