BAKU, Azerbaijan, Dec. 16
By Klavdiya Romakayeva - Trend:
Uzbekistan's tax policy for 2021 is aimed at improving the efficient use of natural resources, Trend reports with reference to the Ministry of Finance of Uzbekistan.
According to the Ministry of Finance, the main directions of tax policy for 2021 envisage maintaining the main tax rates for VAT (15 percent), income tax (15 percent, for certain categories 20 percent), personal income tax (12 percent), property tax of legal entities (2 percent), land tax for agricultural land (0.95 percent), social tax (economic entities - 12 percent and budgetary organizations - 25 percent), turnover tax (base rate four percent).
At the same time, the tax policy for 2021 is aimed at continuing tax reforms that provide for the direct effect of the Tax Code, further support for exporters, fair distribution of the tax burden and increased efficient use of natural resources.
The bill provides for the inclusion in the Tax Code of the rates of excise tax, land tax, tax on the use of water resources and tax on income of individuals, established at a fixed rate, as well as certain rules related to the application of these rates.
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