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President’s words inspired entrepreneurs

SHAVKAT MIRZIYOYEV Year of ensuring human interests and development of the mahalla Year of ensuring human interests and development of the mahalla Decrees of the President of the Republic of Uzbekistan Investment potential of Uzbekistan Meetings Meetings The international cooperation The international cooperation Millenium development goals Millenium development goals Press-releases Press-releases Mission News Mission News The Strategy of Actions on Further Development The Strategy of Actions on Further Development Independence Day of the Republic of Uzbekistan Independence Day of the Republic of Uzbekistan Uzbekistan's Candidacy to Human Rights Council Uzbekistan’s Candidacy to Human Rights Council Tourism Tourism December 8 - Constitution Day of the Republic of Uzbekistan December 8 - Constitution Day of the Republic of Uzbekistan Press Digests of Uzbekistan Press Digests of Uzbekistan Constitutional reform Constitutional reform Other news and events Other news and events
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President's words inspired entrepreneurs

As it was noted in the Message, according to the new Tax Code, many innovations have been introduced since this year. In particular, types of taxes are reduced from 13 to 9. Simplified tax payment mechanisms have been introduced with possibility of deferred or installment payments.

For the first time, procedure for returning part of value-added tax to entrepreneurs in selling products is being implemented. Previously, this procedure was applied only in exporting products. This will leave 3.4 trillion UZS at the disposal of entrepreneurs or 2.5 times more than the last year.

From now on, if entrepreneur does not return excessively paid taxes within the prescribed period, he will be paid funds from the budget based on the main refinancing rate of the Central Bank.

I think entrepreneurs understand the significance of this innovation better than anyone else, and this will undoubtedly make them happy, says Shavkat Mirziyoyev.

UZA