Absence of cashback tax to develop bonus business of Uzbekistan (Exclusive)
Baku, Azerbaijan, Sept. 10
By Fakhri Vakilov - Trend:
Experts of the information and analytical Uzbek portal "World of Finance" told Trend about the benefits of not having a cashback tax in the country.
“It has long been necessary to adopt such a law. This greatly interfered with the development of the discount and bonus business for both entrepreneurs and banks, too,” the experts said.
They noted that this step is very important in the transitional phase of the development of financial relations. This encourages the sale of goods and services, and at the same time helps customers save a little or even make money on purchases.
“Although this is also some unscrupulous entrepreneurs can abuse this opportunity and cash out their funds, reducing revenue from sales through cashback,” experts noted.
However, experts stressed, in general, these are the requirements of the time, and, despite any obstacles, this is the next step towards development.
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