Uzbekstan: An open ecosystem to be created in e-commerce
Uzbekistan: An open ecosystem to be created in e-commerce
On July 1, 2022, the Open Digital Ecosystem - a complex of information systems related to e-commerce will fully operate- the presidential portal has reported.
Development of the ecosystem and its management will be taken up by the Center of Digital Transformation under the Ministry of Foreign Trade. It must provide equal access to its base for all e-commerce platforms. The Center will also be in charge of the escrow account of the ecosystem. It is entrusted to ensure the settlement of letters of credit, as well as a guaranteed performance by the parties of their contractual obligations.
The e-commerce platforms integrated into the ecosystem are obliged to post information on the sale of goods and services with their participation. No transactions may be made without specifying the price of a good or service.
Until January 1, 2024, the income tax rate will be reduced by 50% for e-commerce operators integrated into the Digital Ecosystem.
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