Tashkent, Uzbekistan (UzDaily.com) - The Law "On Amendments and Additions to the Tax Code of the Republic of Uzbekistan" was signed by the President of Uzbekistan.

In accordance with the amendments and additions made by the Law to the Tax Code, in the period until 1 January 2022, no measures are taken to enforce the collection of tax arrears as of 31 December 2020, as well as the accrual of penalties:

on property and land tax of entrepreneurs engaged in tourism, transport and public catering;

property tax and land tax calculated in 2020 and not paid by legal entities with difficulty;

as of 15 May 2020 on taxes, penalties and accrued fines for violation of tax legislation in relation to microfirms and small enterprises that are in arrears as of 15 May 2020.

Tour operators, travel agents and business entities providing hotel services (accommodation services) in the tourism sector for the period until 31 December 2021:

pay income tax at reduced tax rates - minus 50 percent compared to the established tax rates;

pay social tax - at a tax rate of 1%;

are exempt from paying property tax of legal entities and land tax from legal entities.

Exempt from paying property tax, land tax, turnover tax, from paying fixed amounts of income tax for individual entrepreneurs:

newly created business entities carrying out those activities that are defined by the President’s Decree as "points of growth" for each city and region of the Republic of Karakalpakstan - until 1 January 2024;

newly created business entities in the industrial sphere located in the Takhtakupyr, Bozatausky and Shumanai districts of the Republic of Karakalpakstan - until 1 January 2024. This category of taxpayers pays income tax and tax for the use of water resources at tax rates reduced by 50 percent of the established tax rate;

newly created business entities specializing in the provision of services in the Republic of Karakalpakstan and located in 45 makhallas and auls with difficult conditions, according to the list determined by the Jokargy Kenes of the Republic of Karakalpakstan, until 1 January 2026. This category of business entities is also exempt from income tax.