LAW OF THE REPUBLIC OF UZBEKISTAN

of April 2, 2024 No. ZRU-923

About entering of amendments into the Tax code of the Republic of Uzbekistan in connection with determination of the measures directed to establishment of mutually beneficial cooperation with subjects of entrepreneurship on reducing poverty

Accepted by Legislative house on December 26, 2023

Approved by the Senate on February 9, 2024

In recent years in the country within increase in system effectiveness of support of the families needing social protection the large-scale work directed to reducing poverty and employment of members of needy families is carried out.

At the same time reasonablly actively to involve subjects of entrepreneurship in the actions directed to reducing poverty by provision of tax benefits and preferences, in particular possibilities of payment by installments on tax payment and establishments of the reduced tax rates.

With respect thereto are made by this Law the additions providing to subjects of entrepreneurship of payment by installments on payment of the corresponding taxes on certain terms depending on quantity of the new workplaces created by them and also the tax discharge on property of legal entities and the land tax from legal entities on the reduced tax rates to the Tax code of the Republic of Uzbekistan.

This Law will serve creating favorable conditions for growth of employment of the population, reducing poverty and encouragement of subjects of entrepreneurship in case of acceptance as them for work of members of needy families.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info