Baku, Azerbaijan, Jan. 8
By Nigar Guliyeva - Trend:
Amendments allowing a delay in payment of taxes and other mandatory payments have been made to the Tax Code of Uzbekistan.
Under a law making amendments and additions to certain legislative acts of Uzbekistan in connection with the improvement of tax administration, the concept of tax holidays appeared for the first time in the country.
Tax holidays are provided for a period of up to 24 months to conscientious taxpayers who face temporary financial difficulties. Conscientious taxpayers are taxpayers who, during the past two years, have fulfilled their tax obligations in full and on time.
Tax holidays are provided by the government of Uzbekistan or its authorized bodies and do not apply to payment of customs duties and state duties.
Earlier, the tax burden of citizens of Uzbekistan was reduced through cutting taxes and compulsory payments.