According to preliminary data, in January-March 2021, the total aggregate income of the population of Uzbekistan reached 95.4 trillion soums, the State Statistics Committee of Uzbekistan said.
Earlier it was reported that starting from 1 July 2020, banknotes (paper money) with a nominal value of 200 and 500 soums have lost their validity as legal tender, instead of them coins with a nominal value of 200 and 500 soums were issued.
In accordance with the resolution of the President of the Republic of Uzbekistan from 24 February 2020 “On additional measures for the transition to international financial reporting standards”, joint-stock companies, commercial banks, insurance organizations and legal entities classified to the category of large taxpayers, in the Republic of Uzbekistan, from 1 January 2021, they organize accounting based on international financial reporting standards (IFRS), and from the end of 2021 prepares financial statements based on IFRS, the information service of the Ministry of Finance reports.
On 22 April 2021, Deputy Minister of Finance Odilbek Isakov took part in a webinar organized by the London Stock Exchange Group and the International Finance Corporation (IFC) on the topic “Uzbekistan in Global Capital Markets-Local currency and ESG considerations”.
On 22 April 2021, the Minister of Finance of the Republic of Uzbekistan Timur Ishmetov met with the Ambassador Extraordinary and Plenipotentiary of the United States to the Republic of Uzbekistan Daniel Rosenblum.
From 23 April 2021, taxpayers will be able to issue additional or corrected invoices when cases occur that are the basis for adjusting the tax base.
Fitch Ratings has assigned Joint-Stock Commercial Mortgage Bank Ipoteka-Bank’s UZS785 billion 16% Eurobond placement due in 2024 a final rating of ‘BB-’.
The Board of the Central Bank of Uzbekistan kept the basic rate unchanged at 14% per annum. This was reported by the press service of the Central Bank.