Tax Advisory And Compliance Services In Uzbekistan
About Us
Wisdom Tax LLC
Wisdom Tax LLC is the organization of tax consultants, which provides wide range of tax advisory, accounting, and compliance services in Uzbekistan. Wisdom Tax is empowered by its specialists who possess both industry and consulting expertise.
our services
Tax advisory services
We provide a full range of tax services for businesses, including tax planning, consulting on complex tax questions, as well as generic tax advisory upon entry of businesses to Uzbekistan market. The range of services also include ad hoc tax advisory on questions arising during day-to day operations of business.
Accounting and tax compliance services
We help businesses stay compliant with tax laws and regulations, ensuring that they avoid costly penalties and fines. We provide high-quality statutory accounting services, includng preparation of all reports required by law.
International taxation
We provide specialized international tax services for individuals and businesses with global operations. Our team of experts can help clients navigate cross-border tax (inlcuding PE analysis, etc.)
Tax review (health-check) / tax due diligence
We conduct health-check tax reviews of businesses assessing its historic operations on compliance with tax laws and present our findings and recommendations on mitigations of identified tax risks. We also do tax due diligence of the entities which is initiated by the potential buyers to identify potential tax risks before transactions
Review of financial models on tax assumptions
Setting accurate assumptions on tax inputs is a vital for accurate financial model. We help our clients reviewing / setting accurate tax assumptions for their financial models and business plans
Review of contracts against tax risks
Scope of services includes the analysis of the draft contracts, identification of tax risks and tax implications for the Clients (e.g. applicability of withholding tax or VAT, as well as double tax treaties of Uzbekistan, and etc.) and providing recommendations to reduce (if possible) such risks for the Clients.
All other tax, accounting, and compliance related services
We are flexible to provide other tax, accounting and compliance related services, which are not specifically mentioned here, based on your requests.
Why us ?
We are committed to provide best quality services to meet your expectations in full. We aim to reach:
- Planning for the Future
- Time Savings
- Peace of Mind
- Maximize Savings
- Expertise
- Accuracy
Articles & tax alerts
Annual income declaration filing requirements
Requirements. Under the Tax Code of Uzbekistan, foreign citizens who become tax residents of Uzbekistan are required to file annual income tax declarations in Uzbekistan.
Changes in tax legislation from 2024
The law on amendments to some legislative acts of Uzbekistan in relation to fiscal policy for 2024 has been announced: Tax rates* of key taxes
The Ministry of Economics and Finance of Uzbekistan published the Budget Note for 2024-2026
The main directions of fiscal policy for 2024-2026 stipulate the following proposals: Proposed tax rates for 2024: Taxes Rates* Changes Corporate income tax 15%