Baku, Azerbaijan, March 30
By Fikret Dolukhanov – Trend:
Uzbekistan is holding a discussion of the 2020 tax reform draft concept, the local media outlets reported.
The reports said Nika Gilauri, a member of Mikhail Saakashvili’s economic team and former Prime Minister of Georgia, is also taking part in the discussion.
According to Gilauri, reforms in the tax sphere in Uzbekistan are extremely necessary, because their absence hinders development of the private sector and the whole economy.
“Such tax reforms, which are now being offered in Uzbekistan, are some of the most advanced options I've ever seen. I believe there will be a very good effect for the country, for the economy, for private business,” Gilauri said during a public discussion of the tax reform concept in Tashkent.
He went on to say that the number of taxes was reduced from 21 to 6 in Georgia after a similar reform. Tax collections grew tenfold and the economy quadrupled for eight years.
Uzbekistan considers the 2020 tax reform concept, which involves a radical transformation of the entire system of fiscal bodies. It should be submitted to the president and the government for review by April 1, 2018.
A new tax code is also planned to be drafted until July 1, 2018.