Needless to say taxes play a very important role in the economic development of a certain country, because they account for the majority share of national revenue. Therefore, all countries do pay a lot of attention to their tax system. Some governments try to get revenue through taxes as much as possible while other countries consider the influence of taxes or tax reforms in the life conditions of citizens. Because of taxes, there may be inequality among people. Thus tax reforms should be implemented taking into consideration of social and economic conditions of citizens. This paper studies the role and impact of current tax reforms in the economy and people’s life in Uzbekistan.