New rates were set by the resolution of the President of Uzbekistan Islam Karimov “On forecast of main macroeconomic figures and parameters of State Budget of Uzbekistan for 2015” from 4 December 2014.

According to the resolution, the rate of mandatory insurance fee of citizens from their income as salaries to off-budget Pension Fund under the Ministry of Finance grew by 0.5 percentage point to 7%.

Last time, the Government of Uzbekistan decreased the rate of mandatory insurance fee of citizens to off-budget Pension Fund under the Ministry of Finance of Uzbekistan in January 2014. That time the rate rose from 6% to 6.5%.