BALANCING FISCAL RESPONSIBILITY AND SOCIO-ECONOMIC GROWTH: AN ANALYSIS OF TAX REFORMS IN UZBEKISTAN

Abstract

This article examines the evolving tax system in Uzbekistan, focusing on the classification of direct and indirect taxes, their socio-economic impact, and the strategic use of excise duties to foster public health and environmental sustainability. The study highlights how Uzbekistan's tax reforms aim to balance revenue generation with promoting economic growth, social equity, and alignment with international standards. Key areas of analysis include the importance of compliance with the Tax Code, the role of taxes such as VAT, excise duties, and income tax, and the implementation of environmentally and socially driven taxes. Through these reforms, Uzbekistan seeks to build a resilient economy while addressing global challenges like corruption, environmental conservation, and public health.