...

Uzbekistan’s largest share of small businesses in industrial production falls on Jizzakh region

Business Materials 3 February 2021 13:45 (UTC +04:00)
Uzbekistan’s largest share of small businesses in industrial production falls on Jizzakh region

BAKU, Azerbaijan, Feb. 3

By Klavdiya Romakayeva - Trend:

The share of small businesses in the total volume of industrial production in Uzbekistan in 2020 amounted to 27.5 percent, Trend reports referring to the State Statistics Committee of Uzbekistan.

In the regional context, the largest share of small business in the total production volume was registered in the Jizzakh region amounting to 64.2 percent.

At the same time, the share of small businesses in industrial production in the Namangan region amounted to 50 percent, in the Surkhandarya region - 47.3 percent, and in the Fergana region - 45.9 percent.

Earlier it was reported that the number of operating small enterprises and micro firms in Uzbekistan as of January 1, 2021, amounted to 411,203.

The largest number of small enterprises and micro firms operating in Uzbekistan fell on-trade sector, amounting to 131,597 enterprises. At the same time, the number of small enterprises and micro firms in the agriculture, forestry, and fisheries sector amounted to 40, 719 micro firms.

In addition, industry and construction sectors account for 82,746 and 40,695 enterprises, respectively.

It was also reported that Uzbekistan plans to an extended the number of benefits provided to entrepreneurs in the context of the COVID-19 pandemic.

According to the draft State Program for 2021, it is proposed to extend the benefits for the payment of taxes on land and property for entrepreneurs in the field of tourism, transport, and catering, a deferral for some taxes, and to suspend the accrual of penalties.

The document proposes to extend the period of validity of benefits for the payment of taxes on land and property in the amount of 400 billion soums ($38.1 million), delayed until the end of 2020, for 20,000 business entities in the field of tourism, transport, and public catering.

---

Follow the author on Twitter: @romakayeva

Tags:
Latest

Latest