Minimum rate of income tax for individuals cut to 8%
28/12/2012 10:01
Minimum rate of income tax for individuals cut to 8%
28/12/2012 10:01
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan cut minimum rate of income tax for individuals from 1 January 2013.
New rate of income tax was set in line with the President of Uzbekistan Islam Karimov "On forecast of main macroeconomic figures and parameters of State Budget of Uzbekistan for 2013".
According to the document, the minimum rate of income tax for individuals was cut by 1 percentage point to 8%.
The minimum rate of income tax for individuals was decreased by five percentage point in last five years – from 13% in 2008 to 8% in 2013.
At the same time, the Government of Uzbekistan kept the maximum and average rate of income tax for individuals at the level of 16% and 22% respectively.
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