Tashkent, Uzbekistan (UzDaily.com) -- By the Law of the Republic of Uzbekistan from 5 May 2022 “On amendments and additions to the Tax Code of the Republic of Uzbekistan”, amendments were made to Article 75 of the Tax Code.

The amendment envisages that taxpayers who have tax benefits in the form of a complete exemption from paying property tax for legal entities and land tax from legal entities granted to them by Article 483 of the Tax Code, as well as decisions of the President of the Republic of Uzbekistan or the Cabinet of Ministers of the Republic of Uzbekistan, pay these taxes in the amount of one percent of the accrued amount of these taxes.

This rule shall enter into force on 7 August 2022, that is, three months from the date of its official publication.

The amounts of property tax and land tax are calculated on the basis of the accrued amount for these taxes, to which 1% is applied. At the same time, in 2022, the amount of property tax and land tax is calculated and paid for the months of August - December.

Article 417 of the Tax Code provides that in order to calculate the amount of advance payments, payers of property tax on legal entities, before 10 January of the current tax period, submit to the tax authorities a certificate on the amount of property tax for the current tax period, calculated on the basis of the estimated tax base (average annual residual value ( average annual value) of the property for the relevant year) and the corresponding tax rate.

Article 431 of the Tax Code stipulates that land tax is calculated as of 1 January of each tax period, and tax returns are submitted to the tax authority at the location of the land plot for non-agricultural land - until 10 January of the current tax period, and for agricultural land - until 1 May of the current tax period.

Taking into account the foregoing, taxpayers who had full exemption from property tax on legal entities and land tax on legal entities granted to them by Article 483 of the Tax Code, as well as decisions of the President of the Republic of Uzbekistan or the Cabinet of Ministers of the Republic of Uzbekistan, must submit before 10 August 2022 to the tax authorities a certificate on the amount of property tax for the current tax period and tax reporting on land tax (the relevant tax reporting forms are provided in the taxpayer’s personal account).

Along with this, the payment of property tax and land tax is made from August 2022 (until the 10th). At the same time, VAT payers pay advance payments for property tax starting from September 2022 (until the 10th), while in September advance payments are made for August and September 2022, and for land tax - from August 2022 (before the 10th), and within the same period they must pay the land tax for August and September 2022.