THE OBJECTIVES AND KEY ASPECTS OF TRANSFER PRICING IN UZBEKISTAN

Authors

  • Kholmuminov Ziyadulla Amirovich PhD, Research Scholar

Keywords:

transfer pricing, tax optimization, Uzbekistan Tax Code, multinational companies, international standards, tax fairness, methods for determining market prices, economic transparency, tax avoidance.

Abstract

The article analyzes the key aspects of transfer pricing in Uzbekistan. Transfer pricing is utilized by multinational companies to optimize their tax burden by redistributing profits within a group of companies. Since January 1, 2020, Uzbekistan's Tax Code has incorporated regulations on transfer pricing, fully enforced as of January 1, 2022. The article discusses the objectives of these regulations, including ensuring tax fairness, attracting foreign investments, aligning national practices with international standards, and combating tax avoidance. The methods for determining arm's length prices in Uzbekistan, their compliance with the arm's length principle, and the specifics of transfer pricing audits are examined in detail. The author propose recommendations for improving the legislative and institutional framework, including capacity building for tax authorities, enhancing documentation control, and employing modern technologies for audits.

References

Qosimov, B., Karimov, S. (2020). "Taxation and Economic Regulation in Uzbekistan." Tashkent: Uzbekistan Publishing House.

Discusses the evolution of taxation policies and economic reforms, including transfer pricing regulations, in Uzbekistan.

Saidov, M. A. (2021). "Modern Approaches to Tax Administration in Uzbekistan." Tashkent: Tax Academy Press.

Focuses on tax administration practices and the challenges of implementing international standards in Uzbekistan.

Rakhimov, O. U. (2022). "Transfer Pricing and International Taxation: Issues and Solutions in Uzbekistan." Tashkent: Economic Research Journal, 15(3), 45–58.

Analyzes the introduction and impact of transfer pricing regulations in Uzbekistan.

Kholmatov, I. S. (2019). "The Role of Transfer Pricing in Attracting Foreign Investments to Uzbekistan." Tashkent: Finance and Economics Journal, 12(4), 23–37.

Explores how clear transfer pricing rules influence foreign direct investment in Uzbekistan.

OECD (2017). "Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations." Paris: Organisation for Economic Co-operation and Development.

A key reference for international transfer pricing principles.

United Nations (2021). "Practical Manual on Transfer Pricing for Developing Countries." New York: United Nations.

Provides practical insights for implementing transfer pricing regulations in developing economies.

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Published

2025-01-24

How to Cite

Kholmuminov Ziyadulla Amirovich. (2025). THE OBJECTIVES AND KEY ASPECTS OF TRANSFER PRICING IN UZBEKISTAN. Ethiopian International Journal of Multidisciplinary Research, 12(01), 474–477. Retrieved from https://www.eijmr.org/index.php/eijmr/article/view/2528

Issue

Vol. 12 No. 01 (2025): Ethiopian International Journal of Multidisciplinary Research

Section

Articles