Uzbekistan to draft new Tax Code

Baku, Azerbaijan, Feb. 14

By Nigar Guliyeva – Trend:

Uzbek President Shavkat Mirziyoev signed an order "On organizational measures to radically improve tax legislation".

Under the document, a Republican Commission was established to develop draft Tax Code in a new edition.

The document reads that still revealing of additional reserves of increasing the incomes of the republican and local budgets, introducing modern technologies into the tax administration process, remains at unsatisfactory level in the country.

This indicates the need to further improve the activities of the tax authorities, including interaction with taxpayers and government agencies, timely and full recovery of tax debts, the introduction of effective modern forms and methods of tax control.

The new commission should, at the first stage, draft a Concept for the improvement of fiscal policy before April 1, 2018, and at the second stage, before July 1, 2018, draft Tax Code in a new edition.

When preparing documents, experts should focus on the introduction of methods that help balance the tax burden on small and big businesses, reduce the overall tax burden, strengthen the incentive role of taxes in the development of production and services, and abolition of inefficient taxes and fees.

In addition, it is planned to simplify the mechanism for calculating personal income tax on the basis of a critical study of the current taxation system, taking into account the best practices of foreign countries, establishing clear boundaries for the concepts of "tax privilege" and "tax preferences", and the terms for granting temporary benefits.

Another goal is to simplify the taxation system, improve tax administration, and ensure consistent protection of taxpayers' rights.

Subscribe to Trend in Google News! Subscribe
President Erdogan calls for foreign long-term investments in Turkey
President Erdogan calls for foreign long-term investments in Turkey
Turkey confirms 25,216 daily COVID-19 cases
Turkey confirms 25,216 daily COVID-19 cases
Turkish President to pay visit to Qatar in December
Turkish President to pay visit to Qatar in December
Loading Bars
Latest
ADB funding bridge construction in Georgia
Uzbekistan shares domestic COVID-19 data for November 30
SOCAR Turkey intends to boost its activities - CEO
SOCAR Turkey's head talks Petkim goals
Oil rises 1% ahead of OPEC meeting under Omicron cloud
Baku Stock Exchange to hold auction for short-term notes of Central Bank
Azerbaijan provides water supply to liberated Lachin district
Azerbaijan’s export of non-oil products increases
Azerbaijan increases gas export since early 2021
Russian Gazprombank forecasts Azerbaijan's economic growth to recover
Price indexes of financial, trade sectors at Uzbek stock exchange rise
Turkey’s aviation fuel export to Georgia increases
Helicopter crash in Azerbaijan broke our hearts - Selcuk Bayraktar
Bahar Azadi gold coin price again falling in Iran
Government of Uzbekistan approves feasibility study for construction of elevated subway
Russia again surpasses Azerbaijan as top importer of Georgia's potatoes
Kazakhstan adds over 700 new COVID-19 cases in 24h
Russia, Azerbaijan progressively developing co-op in agriculture – Russian ministry
President Erdogan calls for foreign long-term investments in Turkey
Year passes since liberation of Azerbaijani Lachin district from Armenian occupation
Air travelers to U.S. set to face tougher COVID-19 testing
British armed forces to allow people with HIV to enlist
Brazil reports first cases of Omicron variant
U.S. FDA experts narrowly recommend Merck's COVID-19 new drug molnupiravir
WHO warns against blanket travel bans over Omicron coronavirus variant
Turkey confirms 25,216 daily COVID-19 cases
9 injured in refinery fire in north Algeria
UK to offer booster vaccines to all adults by end of January
At least three students dead in Michigan school shooting, suspect in custody
Canada to ban travelers from Nigeria, Malawi, Egypt over Omicron concerns
Uzbekistan reveals leading regions in amount of loans issued in 9M2021
Head of EU delegation expresses condolences to Azerbaijan over military helicopter crash
Italian Embassy expresses condolences to Azerbaijan over military helicopter crash
Georgian economy grows 6.9% in October 2021
Turkish President to pay visit to Qatar in December
Capacity of crashed military helicopter of Azerbaijan's State Security Service was 24 people
Manual counting of 29% of protocols show that 7 parties may enter Kyrgyz Parliament
AZAL plane makes emergency landing in Baku
Pakistan seeking to increase trade routes on border with Iran
UN Resident Coordinator expresses condolences over military helicopter crash in Azerbaijan
Any outside influence as cause of helicopter crash out of question - head of Azerbaijani State Border Service
Coordination Headquarters holds another meeting in Azerbaijan (PHOTO)
Azerbaijan's First Deputy Prosecutor General talks investigation, following helicopter crash
Former Turkish PM expresses condolences over helicopter crash in Azerbaijan
French ambassador expresses condolences over crash of military helicopter in Azerbaijan
UK's Ambassador expresses condolences over crash of military helicopter in Azerbaijan
Organization of Turkic States expresses condolences to Azerbaijan due to helicopter crash
Israeli ambassador expresses condolences to Azerbaijan over helicopter crash
Iranian Foreign Ministry expresses condolences to Azerbaijan over helicopter crash
Helicopter crashed while landing at Garaheybat training center – Azerbaijani State Border Service
Status of martyr to be assigned to those killed in plane crash in Azerbaijan (VIDEO)
Turkish President Erdogan holds phone talks with President Ilham Aliyev
President Ilham Aliyev, First Lady Mehriban Aliyeva give instructions on burial of those killed in helicopter crash
Witnesses of helicopter crash being questioned in Azerbaijan – First Deputy Prosecutor General
Turkish Minister of National Defense expresses condolences to Azerbaijani Defense Minister
Flight recorder of crashed military helicopter found in Azerbaijan
Pakistani companies may partake in restoration of Azerbaijan's liberated territories (PHOTO)
Iran looks to boost its energy trade through Economic Cooperation Organization
Iran's ties with Economic Cooperation Organization to boost country's cargo transit
Azerbaijan excludes any outside interference following deadly helicopter crash
IRENEX shares data on sales of Iranol Oil Company
Gas swap agreement is mutually beneficial for Azerbaijan, Iran and Turkmenistan - experts
ICIEC Signs MOU with Japan's Nippon Export and Investment Insurance (NEXI)
Israel's Bezeq Q3 profit up, raises full year outlook
Iran seeks to boost trade ties with Turkmenistan
Pakistan expects $3 billion reserves deposit from Saudi in days
Iran eyes to commission 12 new metro stations in Tehran
Oxford University says no evidence yet that vaccines won't protect against severe disease from Omicron
SOCAR’s STAR Refinery reduces crude oil imports
Iran remains optimistic about Vienna nuclear talks
FMs of Azerbaijan, Turkey hold phone talk
Turkmenistan's crude oil supplies to Turkey down
Azerbaijan's oil export volume down in 10M2021
Footage from crash scene of military helicopter of Azerbaijan’s State Fire Service (PHOTO/VIDEO)
U.S. Int'l Development Finance Corporation provides financing to Bank of Georgia for SMEs support
Kazakhstan boosts crude oil exports to Turkey
Iran's president to speak before parliament
Kazakhstan increases trade with Turkey over 9M2021
Use of Sputnik Light as booster jab for all vaccines approved in UAE
Cargo transportation via internal waters up in Kazakhstan
Central Bank of Azerbaijan reveals amount of sold foreign currency
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,678 more COVID-19 cases, 1,934 recoveries
Azerbaijan opens criminal case on crash of military helicopter of State Border Service
Iran extends condolences to Azerbaijan over military helicopter crash
Turkey talks ongoing support in demining Azerbaijan's liberated lands
Azerbaijan reveals names of dead and wounded in military helicopter crash
Iran beats sets new domestic record regarding transit of goods
President Ilham Aliyev and First Lady Mehriban Aliyeva express condolences to families of those killed in crash of military helicopter of State Border Service
Georgian, Ukrainian, and Moldovan PMs hold meeting in Brussels
Alliance Logistics talks potential of Zangazur corridor in increasing goods transit via Azerbaijan
Uzbek Statistics Committee reveals amount of construction work done for 10M2021
Volume of gas transportation to Turkey via TANAP disclosed
Several Azerbaijani organizations address citizens on omicron coronavirus variant
It is important to cooperate with such partners as Azerbaijan - Head of EU Delegation
Iran reveals COVID-19 data for November 30
Kazakhstan’s oil-producing company to buy batteries via tender
Azerbaijan unveils numbers of mine incidents due to illegal entry into liberated lands
Turkish MoD expresses condolences to Azerbaijan on military helicopter crash victims
Russia, Italy discuss situation in South Caucasus
All news