Wednesday05 February 2025
centralasiabusiness.com

In Uzbekistan, freight forwarding companies in the transportation sector will be exempt from VAT.

In Uzbekistan, freight forwarding companies engaged in international transportation will be exempt from VAT. The President of the country, Shavkat Mirziyoyev, reviewed a presentation on measures to further develop the transport and logistics system.
В Узбекистане экспедиторские компании в сфере перевозок будут освобождены от уплаты НДС.

The absence of VAT will help increase the share of local companies in this sector to 45-50%.

The goal is set to double the volume of international freight transportation and raise the export of transport services to 3 billion dollars, as well as to increase the volume of transit shipments through Uzbekistan. Responsible agencies have been tasked with implementing an electronic queue system, reducing border crossing times to 20 minutes, and introducing online monitoring of vehicles.

The statement notes that over the past seven years, with the support of domestic carriers, their fleet has increased sevenfold, the number of freight vehicles has reached 26,000, and their share in international transport has grown from 35% to 60%.

"However, the current geopolitical situation in the world creates challenges in this area. Delivery times for goods to the west have doubled, and costs have risen by 1.5 times. Certain border crossing points in European countries are closed, while others have long queues," the statement says.