Finance

The new rule on tax control of p2p transfers to be canceled

President of Uzbekistan Shavkat Mirziyoyev signed a decree on priority measures to implement the new Constitution of Uzbekistan, which envisages the abolition of tax controls on money transfers between individuals from 1 June 2023.

Foreign companies paid taxes for 32.4 billion soums

For the period January-April 2023, 42 foreign companies providing electronic services in Uzbekistan paid taxes totaling 32.4 billion soums, which is 1.6 times more than in the same period of last year, the press service of the Tax Committee of Uzbekistan said in a statement.

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A memorandum of understanding was signed between the Agency for Innovative Development and the Italian Polytechnic University of Turin

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Products under the brand "Made in Uzbekistan" presented in Sochi

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The official visit of the President of Uzbekistan to Italy ended

09/06/2023Read more

Specialists from Uzbekistan and Tajikistan exchange experience on tax reform

From 3 to 10 May this year, a delegation of the Ministry of Finance of the Republic of Tajikistan and the Tax Committee under the Government of the Republic of Tajikistan, with the support of the World Bank, is visiting Uzbekistan to exchange experience on reforming and digitalizing tax administration.

A license was issued for the right to carry out banking activities of YANGI BANK JSC

By a resolution of the Board of the Central Bank of the Republic of Uzbekistan, a decision was made to register the YANGI BANK joint-stock company in the city of Tashkent and issue it a license for the right to carry out banking activities, the press service of the Central Bank reports.

Uzbekistan receives US$3.1 billion worth of transfers in January-April.

In January-April 2023, Uzbekistan received money transfers in the amount of US$3.1 billion, according to a report from the Central Bank.

Works on the integration of UZCARD and HUMO are coming to an end

Work on the integration of UZCARD and HUMO payment systems is coming to an end. This was stated by the Chairman of the Central Bank of Uzbekistan Mamarizo Nurmuratov.

Central Bank opposes the introduction of mandatory electronic invoices for transfers between cards

The Central Bank of Uzbekistan opposes the introduction of mandatory electronic invoices for transfers between individuals’ banking cards (p2p). This was stated by the head of the Central Bank Mamarizo Nurmuratov.

SQB and Commerzbank sign an additional agreement for €100 million

As part of the official visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Federal Republic of Germany, an additional agreement for 100 million euros was signed between Uzbekistan Industrial and Construction Bank – SQB and Commerzbank AG.

CBU keeps the policy rate unchanged at 14% APR

At the meeting on 4 May 2023, the Board of the Central Bank decided to keep the policy rate unchanged at 14 percent per annum.

National Bank of Uzbekistan signs loan agreements with German banks for 230 million euros

The National Bank for Foreign Economic Affairs of the Republic of Uzbekistan signed loan agreements with German financial institutions.

Currency rates from 05/06/2023

$ 1 11427.01 +0.155%
€ 1 12303.46 +0.697%
₽ 1 141.34 +0.021%
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