WEEKLY INFORMATION AND ANALYTICAL DIGEST (June 15-19)

The world's largest conference of internal auditors will be held next week in Singapore.

The Institute of Internal Auditors (IIA) will hold its largest annual international conference on June 21-24, 2026, in Singapore. More than 2,000 managers and specialists in internal audit, risk management, and governance from more than 150 countries are expected to participate in it. There is also an opportunity to join the conference online. This year's conference motto is "Transformation," meaning the adaptation of the profession to changing conditions. The main topics of discussion, covering more than 40 sessions, are: organizational management, trust, and professional ethics; the role of auditing in the context of artificial intelligence and automation; and how auditing will change in the future. As part of the event, the new global head of the IIA and the best auditors of the year will be announced. The issues that will be discussed at the conference will determine the direction of the development of the internal audit profession in the coming years.

Canada continues to increase its industrial carbon tax.

Although Canada abolished the carbon tax for consumers in 2025, it maintains its plan to gradually increase the industrial carbon tax (ICT) to 170 Canadian dollars per ton by the year. According to the analysis, this change is expected to lead to a 1.3% decrease in the country's GDP. Source: Fraser Institute; Tax office

The practice of targeted support for energy subsidies is being strengthened

Amid rising energy prices, the International Monetary Fund recommends that governments apply targeted assistance measures instead of comprehensive subsidies. According to experts, the artificial reduction of energy prices for all consumers places a heavy burden on the budget, and it will be difficult to cancel such measures in the future. Therefore, assistance must primarily be directed toward low-income segments of the population and economically stable enterprises. This approach will allow for more efficient use of budget funds and increase the targeting of social protection systems. Source: International Monetary Fund (IMF). Fiscal monitoring: fiscal policy under pressure: high debt, growing risks. Washington, DC: IMF.

Excise tax rates on excisable goods: tobacco products

Starting July 1, 2026, the excise tax rate on cigarettes (filtered and unfiltered, cigarilla, cigarette, biddy, kretek) is set at 365,000 soums per 1,000 units of products. This change is being implemented as part of the policy of gradually equalizing excise rates on domestic and imported tobacco products. Unification of rates: This gradual increase is being carried out as part of eliminating the gap between local production and imports, as well as adapting to the requirements of the World Trade Organization (WTO). Combined rate: Please note that the excise tax on tobacco products is calculated using the combined method. That is, after July 1, 2026, the tax amount is calculated as follows: 365,000 soums (for 1,000 units) 10% (of the value).