Individual entrepreneurs in Uzbekistan get tax amnesty

Baku, Azerbaijan, July 30

By Fikret Dolukhanov – Trend:

Debts of individual entrepreneurs in Uzbekistan for a fixed tax and penalties accrued on these debts, as well as debts on financial sanctions and court expenses will be written off, Uzbek media reported referring to the corresponding decree of President Shavkat Mirziyoyev.

In particular, debts will be written off for individuals who have lost the status of an individual entrepreneur before April 1, 2018, and for individual entrepreneurs who have not carried out financial and economic activities since April 1, as well as for individuals who are credited with the annual amount of a fixed tax for implementation entrepreneurial activity without state registration.

The debt is written off in case of restoration of entrepreneurial activity or state registration in the order prescribed by law until Jan. 1, 2019.

Mirziyoyev also abolished the procedure for lump sum levying of a fixed tax from individuals carrying out activities without state registration as individual entrepreneurs, calculated on the basis of the established rate for the relevant activity at an annual rate.

Until the end of October 2018, the State Tax Committee (STC) must conduct an inventory of the uncollectible tax arrears and other obligatory payments, penalties accrued on the debt data, as well as debts on financial sanctions and court expenses (with the exception of court costs), with further measures to write off the debt.

The president also instructed the STC to submit to the Cabinet of Ministers by the end of August proposals on the procedure for suspending activities of individual entrepreneurs who are in arrears in taxes and other mandatory payments and who do not carry out entrepreneurial activities for two months, as well as on simplifying the procedure for liquidating organizations that do not carry out financial and economic activities, as well as improving the mechanisms for writing off bad debts of inactive organizations, founders of which haven’t been present for a long time.

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Follow the author on Twitter: @FDolukhanov

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