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Republic of Uzbekistan
Innovations in tax policy
2019-01-04 | Society
Namangan hosted a workshop of the regional working group for qualitative implementation of tax reforms, assistance for taxpayers and conducting targeted work with them.
The event was attended by the heads of the prosecutor’s office, tax, banking, financial institutions of the region, territorial statistics departments and the Chamber of Commerce and Industry, representatives of small business and private entrepreneurship.
The essence and significance of innovations introduced into tax legislation from this year, benefits provided to business entities in accordance with the Decree of the President of the country “On the Concept of improving the tax policy of the Republic of Uzbekistan” of June 29, 2018 were discussed.
Views were exchanged on payment of a generally established tax from January 1, 2019 by all economic entities and individual entrepreneurs who have or are expecting revenue in the amount of 1 billion for the year, calculating the value-added tax and reporting, budget relations, and prevention of tax offenses.
It was emphasized that according to the amendments introduced to the tax legislation in accordance with the Concept of tax policy, 1177 enterprises and organizations will be transferred to value-added tax in the region from 2019, 9507 enterprises must re-register as payers of resource tax, 196 individual entrepreneurs – as payers of the generally established tax, 1886 individual entrepreneurs – as payers of single tax payment.
Akromjon Sattorov, UzA
