The commerce and retail sectors in Uzbekistan are undergoing a significant transformation, driven by economic liberalization, technological advancements, and a growing consumer base. The government's focus on promoting e-commerce and modernizing retail infrastructure has created a favorable environment for businesses to expand their reach and tap into new markets.

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Key Reforms and Opportunities

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• E-commerce Growth: The government actively encourages e-commerce development, offering tax incentives such as a reduced corporate income tax rate of 7.5% or 0% rate for eligible businesses.

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• Retail Modernization: Modernizing retail infrastructure, including the development of shopping malls and supermarkets, are enhancing the shopping experience for consumers.

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• Consumer Spending Power: Rising incomes and a growing middle class are contributing to increased consumer spending power, creating a vibrant market for both domestic and international brands.

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• Simplified Tax Regime: The availability of a simplified tax regime, with a revenue tax rate of 4%, offers a more straightforward and cost-effective tax structure for small and medium-sized enterprises.