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    Uzbekistan

    Uzbekistan’s public catering sector marks 18% increase in tax contributions in 2023

    Uzbekistan’s public catering sector marks 18% increase in tax contributions in 2023

    In 2023, public catering enterprises in Uzbekistan contributed  UZS 999.4 bn ($79.5 mn) in taxes, marking an annual increase of 18%, as reported by the Tax Committee.

    Photo: Public catering sector
    Source: Stock

    The Committee highlighted that the top twenty taxpayers in this industry made a substantial contribution of UZS 170.7 bn ($13.5 mn) to the national treasury.

    International Foodchain, the representative of the KFC brand in the country, was the leading contributor, providing UZS 59.8 bn ($4.8 mn) in tax revenues last year. Following closely, Mak Food Servis, the owner of the Evos fast-food restaurant chain, paid UZS 43.8 bn ($3.5 mn) to the national budget. Euro Asia Lider Service secured the third position with a contribution of UZS 15.1 bn ($1.2 mn).

    Overall tax revenues

    In 2023, the state budget of Uzbekistan received a total of UZS 165.9 trillion ($13.2 bn) in taxes, indicating an increase of UZS 17.4 trillion ($1.4 bn) compared to the previous year.

    The Committee also noted a 13% increase in tax revenues across the regions compared to 2022. The highest growth rates were observed in Jizzakh (30%), Syrdarya (21%), Tashkent (19%), and Navoiy (18%) regions.

     

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    18.03.2024, 13:00   Comments (0)   1371
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