Global Trade Alert
Global Trade Alert

Uzbekistan: Principal Measures to Mitigate Negative Economic Consequences of the Coronavirus Pandemic

Announcement

19 Mar 2020

On 19 March 2020, the President of Uzbekistan ordered the set-up of a special fund to support the local economy during the COVID-19 outbreak and help mitigate its consequences.

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Apr 2020

Revocation date:

01 Oct 2020

Updated: 19 Mar 2020
Tax or social insurance relief

The 19 March 2020 Decree also prescribes a reduction in the rate of the social security contribution of companies engaged in wholesale sales of alcohol from 5% to 3% between 1 April and 1 Octo...

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Implementation date

20 Mar 2020

Revocation date:

No revocation date

Updated: 19 Mar 2020
Loan guarantee In force

On 19 March 2020, the President of Uzbekistan ordered to set up the Anticrisis Fund to Mitigate Negative Economic Consequences of the Coronavirus Pandemic with 10 trillion soums (USD 1 billion).&nb...

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Updated: 19 Mar 2020
Interest payment subsidy In force

On 19 March 2020, the President of Uzbekistan ordered to set up the Anticrisis Fund to Mitigate Negative Economic Consequences of the Coronavirus Pandemic with 10 trillion soums (USD 1 billion). Pa...

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Implementation date

01 Jan 2020

Revocation date:

31 Dec 2020

Updated: 19 Mar 2020
Tax or social insurance relief

Water users' tax for agricultural lands has been decreased by 50%, in the year 2020, by the 19 March 2020 Decree of the President of Uzbekistan. 

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