Legal newsletter
Issue 2 | July 2022

📝 Draft of Constitution amendments published for discussion

🏠 The Senate has approved a Law on the management of state property

📄 On June 29 the President signed a Law on the procedure for withdrawal of land for public needs with compensation

🏦 A Presidential Decree provides financial support for measures for business

🛣 A Presidential Decree simplified implementation of investment projects in Special Economic Zones (SEZ)

📲 Online registration of a franchise agreement

🔏 Draft law on registration of crypto mining was published for discussion

For more details, click the instant view button below ⬇️

#law #legalnewsletter

Tax newsletter
Issue 1 | July 2022

Tax newsletter keeps you better informed with the the most notable developments in tax and related matters in Uzbekistan

#tax #taxnewsletter

Legal newsletter
Issue 3 / July 2022

🏦 The Senate has approved a Law on Tax consulting

📈 A Presidential Decree introduces Innovation Development Strategy

🔐 The Law on Cybersecurity came into force on June 17, 2022

🏗 The President announced a new system in designing and construction

📱Online loans to businesses

📜 The Cabinet of Ministers approved a Resolution on temporary procedure for subsidies for cotton fields

© 2022 PwC. All rights reserved.

Legal newsletter
Issue 4 / July 2022

🗂 442 legal acts fell under the "regulatory guillotine"

📃 Uzbekistan placed first inflation-linked government bonds

📉 Republican Stock Exchange lowered tariffs for stock exchange transactions

🖥 E-Commerce administration is being improved

🔎 A Presidential Decree improved expertise of investment documents

💧The President signed a Law attracting investment into water sector

👨🏻‍💻 The Presidential Decree establishes "Entrepreneur's Virtual Office"

🏢 Foreign citizens will be able to purchase real estate without a residence permit

🤝 The President will meet with the entrepreneurs


© 2022 PwC. All rights reserved.

Legal Newsletter
Issue 5 / August 2022

📂The President signed a Law on Tax Consulting

👮‍♂️The President signed a Law on the Сivil Service

🗂The Cabinet of Ministers approved the Regulations on internal audit

💻Online licensing of advocates

📢Public discussion on constitutional amendments was completed

🏦Preferential loans for agricultural machinery

🧾Minimum recommended prices for cotton were established

📈UzAuto Motors is on the Republican Stock Exchange “Toshkent”


© 2022 PwC. All rights reserved.

Tax newsletter
Issue 2 | August 2022

🏗The President signed a Law introducing changes in taxation of participants of Special Economic Zones

📄The President signed a Law introducing certain changes into the Tax Code

© 2022 PwC. All rights reserved.

Legal Newsletter
Issue 6 | August 2022

🤝 Open dialogue with the President: new regulatory amendments

🏡 Protection of property rights is strengthened

🖼 Unified database of copyright objects

📈 Shares of 21 state enterprises will be offered on stock exchange

🔐 New regulations on crypto exchanges

🏢 The Central Bank proposed to introduce a “regulatory sandbox” to test financial services


© 2022 PwC. All rights reserved.

📑 Experts of tax practice of PwC Uzbekistan prepared summary of expected changes in the legislation as per the results of ‘open dialogue’ session with entrepreneurs held by the President of Uzbekistan

© 2022 PwC. All rights reserved.

🔃 Join PwC new “EMEA Transfer Pricing” Webcast series.

🗓 Please save the date: 27 September 2022 from 11:00 to 12:00 CEST (14:00 to 15:00 Tashkent time). The event will be held online.

We start with ESG and there is much more to come!
Registration link

#ESG #pwc #pwcregulatory #transferpricing

Legal Newsletter
Issue 7 / September 2022

📖 The updated draft of a Business code published for discussion
• Обновленный проект Предпринимательского кодекса вынесен на обсуждение

👥 Council for Business Support was established under the Presidential Resolution
• Постановлением Президента образован Совет по поддержке предпринимательства

🔍 Assessment of corruption risks in government bodies
• Оценка коррупционных рисков в госучреждениях

📦 The Cabinet of Ministers’ Resolution simplified customs procedures
• Постановлением Кабинета министров упрощены таможенные процедуры

📹 New Law on Advertisement came into force
• Новый Закон о рекламе вступил в силу

For more details, click the instant view button below ⬇️

#law #legalnewsletter
© 2022 PwC. All rights reserved.

Tax newsletter
Issue 4 / September

🧮 Amendments in auditing rules
• Изменения в правилах проведения проверок

💻 Additional incentive in information technology (IT) industry in Uzbekistan
• Дополнительная льгота в сфере IT в Узбекистане

🏢 The prime rate remains unchanged
• Основная ставка осталась без изменений

For more details, click the instant view button below ⬇️

#tax #taxnewsletter
© 2022 PwC. All rights reserved.

Legal Newsletter
Issue 8 / September 2022

📈 Agency of Strategic Reforms was established by Presidential Resolution
• Постановлением Президента образовано Агентство стратегических реформ

🏢 Central Bank approved the requirements for financial services
• Центральным банком утверждены требования к финансовым услугам

🩺 Online certification of pharmaceuticals and medical products
• Онлайн сертификация лекарств и медицинских изделий

📦 Online registration of transit declaration
• Онлайн оформление таможенной декларации

🖥 The Senate has approved new version of E-Commerce Law
• Сенат одобрил Закон об электронной коммерции в новой редакции

🔍 The President approved new procedure for business control
• Президент утвердил новый порядок проверки бизнеса

✈ Simplified requirements for tourism sphere
• Упрощены требования в сфере туризма

⛰ Environmental norms and standards are established for mining and metallurgical industry
• Установлены экологические нормы и требования для горно-металлургической промышленности

🔐 Introduction of Crypto-shop rules
• Разработаны Правила работы крипто-магазина

For more details, click the instant view button below ⬇️

#law #legalnewsletter
© 2022 PwC. All rights reserved.

Tax newsletter
Issue 5 / October

📜 Additional incentives are introduced for the pharmaceutical industry
• Вводятся дополнительные льготы для фармацевтической отрасли

🏦The Ministry of Finance published a clarification regarding pricing and calculation of income tax
• Министерства Финансов опубликовало разъяснение по поводу ценообразования и исчисления налога на прибыль

🤰 Introduction of new instruction on payment of maternity allowance for women working in the private sector
• Введено положение о выплате пособий по беременности и родам для женщин работающих в частном секторе

For more details, click the instant view button below ⬇️

#tax #taxnewsletter
© 2022 PwC. All rights reserved.

📢 We would like to share some exciting news!

The Ministry of Investments and Foreign Trade of Uzbekistan has published the Investment guide Uzbekistan.

📕The Investment Guide Uzbekistan is intended as a useful resource for potential investors interested in Uzbekistan. This publication provides comprehensive insights into the country's key economic and business conditions, investment processes, taxes, as well as accounting, legal and labor issues.

PricewaterhouseCoopers (PwC) participated as a technical advisor in developing this publication.

****

📢 Мы хотели бы поделиться с Вами важной новостью!

Министерство инвестиций и внешней торговли Узбекистана опубликовало Инвестиционный путеводитель Узбекистана.

📕 Инвестиционный путеводитель Узбекистан - полезный ресурс для потенциальных инвесторов, заинтересованных в Узбекистане. Данное издание предоставляет исчерпывающую информацию об основных экономических и деловых условиях страны, инвестиционных процессах, налогах, а также бухгалтерских, юридических и трудовых аспектах.

Компания PricewaterhouseCoopers (PwC) участвовала в качестве технического консультанта при подготовке данного издания.

Legal Newsletter
Issue 9 / October 2022

📦 The President approved exporter support program
• Президент одобрил программу поддержки экспорта

🖥 The President signed a Law on E-Commerce
• Президент подписал Закон об электронной коммерции

📓 Electronic document management system
• Система электронного документооборота

🔍 The Cabinet of Ministers adopted a procedure for auditors' work inspection
• Кабинет Министров утвердил порядок проверки работы аудиторов

🏗 Improvements in the capital construction sphere
• Совершенствование сферы капительного строительства

🩺 Uzbekistan and Kazakhstan will simplify registration of medicines
• Узбекистан и Казахстан упростят регистрацию лекарств

For more details, click the instant view button below ⬇️

#law #legalnewsletter
© 2022 PwC. All rights reserved.

Legal Newsletter
Issue 10 / October 2022

🔏 The President signed new Law on E-signature
• Президент подписал новый закон об ЭЦП

💼 The Cabinet of Ministers established rules of ethics and conduct of civil servants
• Кабмин утвердил правила этики и поведения госслужащих

📦 Uzbekistan is ready to abolish trade restrictions within the CIS
• Узбекистан готов к отмене ограничений в торговле в рамках СНГ

🏗 Mandatory standards in construction are abolished
• Отменены обязательные стандарты в строительстве

🏢 Protection of immovable property rights will be strengthened
• Усиливается защита прав на недвижимое имущество

🖥 Online registration of securities issue
• Онлайн регистрация выпуска ценных бумаг

🏘 Mahalla will be able to collect taxes
• Махалля сможет собирать налоги

For more details, click the instant view button below ⬇️

#law #legalnewsletter
© 2022 PwC. All rights reserved.

📢 We are proud to present the 1st issue of the monthly newsletter #LegalNewsEurasia.

🔎Every day, members of PwC Legal across Eurasian region analyze vast amounts of new legislative changes in the business and investment sphere.

📆 Once a month we will publish a short review of the latest and most important legislative changes in Armenia, Azerbaijan, Georgia, Kazakhstan, Mongolia and Uzbekistan.

#Legal #pwc #Eurasia

Legal Newsletter
Issue 11 / November 2022

📖 President approved new Labor Code
• Президент утвердил новый Трудовой кодекс

🚩 Legislative Chamber adopted a Law on Conflict of Interests
• Законодательная палата приняла закон о конфликте интересов

💼 Discussion of additional measures for protection of businesses was completed
• Обсуждены дополнительные меры по защите бизнеса

👤 The President Resolution expands list of activities for self-employed
• Постановлением Президента расширен перечень видов деятельности для самозанятых

🖥 Confirmation of force majeure will be issued through the Single Portal of Interactive Public Services
• Форс-мажор будет подтверждаться посредством Единого портала интерактивных услуг

🔍 Business control procedure comes into force
• Вступает в силу порядок проверки бизнеса

For more details, click the instant view button below ⬇️

#law #legalnewsletter
© 2022 PwC. All rights reserved.

Legal Newsletter
Issue 12 / November 2022

👥 Corporate relations reforms
• Реформы в сфере корпоративных отношений

🤝 Simplified business regulation
• Упрощенное регулирование предпринимательской деятельности

📍Large Special Economic Zones are planned to be established in each region
• Планируется создание крупных Специальных экономических зон в каждой области

🔐 The President proposed the establishment of committee on protection of investor rights
• Президент предложил создать комитет по защите прав инвесторов

✅ President signed new Law on Standardization
• Президент подписал закон о стандартизации

💧Digital labelling of water and soft drinks is being introduced
• Вводится цифровая маркировка воды и безалкогольных напитков

📃Ministry of Investment and Foreign Trade proposes issuing citizenship for investment
• Министерством инвестиций и внешней торговли предложена выдача гражданства за инвестиции

🧳 Tax Committee introduces tax free system for foreign citizens
• Министерством инвестиций и внешней торговли предложена выдача гражданства за инвестиции

For more details, click the instant view button below ⬇️

#law #legalnewsletter
© 2022 PwC. All rights reserved.

⭐️ PwC announced the launch of its global Legal Business Solutions offering. Legal Business Solutions represents the combination of the PwC Network’s global Legal and NewLaw practices and has been implemented following a strategic review of changing market conditions, including the evolving needs of PwC’s clients. The change came into effect on 1 November 2022.

🌍 Legal Business Solutions brings together more than 4,000 legal, technology and consulting professionals in over 100 territories, operating as part of PwC’s broader community of solvers. The business is powered by service delivery centres in strategic locations and strong alliance relationships with leading technology providers.

✔️In conducting its strategic review, PwC identified that clients are increasingly seeking vertically integrated solutions, which bring together legal and adjacent expertise with scaled process and delivery capabilities. Combining the Legal and NewLaw offerings enhances PwC’s ability to bring human-led and tech-enabled solutions to clients, delivering on The New Equation strategy.

#pwc #legal #newlaw #legalbusinesssolution