Tax Messenger
Section VI "Tax Control in Relation to Transfer Pricing" of the Tax Code of the Republic of Uzbekistan came into force on 1 January 2022. The TP rules define the term "Controlled Transactions" and regulate the processes of the preparation of TP documentation, the submission of a Notification of Controlled Transactions, the conclusion of advance pricing agreements, the conduct of TP audits, and so on. Presented below is an overview of the key provisions of the TP rules, which are broadly consistent with the main international TP principles.