PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of June 28, 2022 No. UP-162

About measures for creating favorable conditions for business during reforming of tax administration

For the purpose of decrease in the tax load of subjects of entrepreneurship and simplification of business by simplification of requirements of the tax legislation and creating favorable conditions for effective implementation of new instruments of tax administration:

1. Cancel since July 1, 2022 procedure for application of the raised rates of the property tax and the land tax, suspension of action of tax benefits and preferences (the efficient tax mechanism) concerning the empty buildings, not used floor spaces, uninhabited constructions, objects of construction in progress (not used objects), and also the parcels of land occupied with these objects.

2. Determine that during the period till March 1, 2023:

financial sanctions for reflection in invoices or checks of the control and cash equipment of the identification codes which are not corresponding to the nomenclature of goods purchased (services) or features and the performed types of activity are not applied;

reflection of all transactions connected taking into account (acquisition (construction), start, revaluation, the order) by business entities of fixed assets, intangible assets and commodity material resources, and also forming and reduction of the authorized fund (authorized capital), in information system of E-aktiv tax authorities is voluntary.

3. Establish procedure according to which since July 1, 2022:

to subjects of entrepreneurship which without fail are recognized taxpayers on value added the certificate on passing of special registration on the value added tax is granted automatically without entering of refining into the level of tax risk. At the same time tax authorities conduct monitoring of activities of subjects of entrepreneurship and identification during monitoring of cases of tax risk is the basis for suspension of action of the certificate on passing of special registration on the value added tax;

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