Tashkent, Uzbekistan (UzDaily.com) - The Law “On the State Budget of the Republic of Uzbekistan for 2020” approved fixed amounts of personal income tax for individual entrepreneurs.

Individual entrepreneurs (IP)have paid a fixed tax for many years. The new version of the Tax Code will not have such a tax - it will be replaced by a personal income tax (PIT). Individual entrepreneurs with a turnover of up to 100 million soums, as provided by the law, get the right to choose: pay it at a fixed rate or fixed amounts.

At the same time, the fixed amounts of personal income tax for 2020 for many types of IP activities are significantly reduced in comparison with payments of the current year. For example, in Tashkent, food and non-food retailers will pay 25% less, agricultural products in dekhkan markets - 37.5% less, newspapers, magazines and book products - 2 times less. For private entrepreneurs providing household services in the capital, the fixed personal income tax is reduced by 28.6%.

In general, the fixed personal income tax amounts for individual entrepreneurs for 2020 are as follows:

Production and sale of national sweets, confectionery, kurt at home without the use of packaging equipment, national cakes and patyr, popcorn, ice cream on the milling cutter, soft drinks, ayran, tugs for bottling, salads and pickles, as well as certain types of piece-dishes prepared at home without the organization of seats or in places specially designated by decision of local authorities

In this case, an individual:

a) engaged in several activities, pays a fixed amount of tax for each activity separately;

b) carrying out entrepreneurial activities on leased equipment and in leased premises, must provide a certificate (information) about the lessor to the tax authority at the place of residence;

c) doing business outside the place of state registration, pays a fixed amount at the place of registration at the highest rate established at the place of registration and place of actual activity;

d) who is a disabled person of group I or II, regardless of the type of activity and place of its implementation, pays a fixed amount of 50% of the established, but not more than 50% of the number of BRV per month;

Members of the Hunarmand association are exempted from paying a fixed amount of personal income tax on individuals in the production and sale of craft products (goods, services).

Individuals providing services related to children’s gaming machines pay a fixed amount for each equipped place (unit). Legal entities providing services related to children’s slot machines pay turnover tax or generally established taxes in the manner established by the Tax Code.

The income of individuals from the rental of property is subject to personal income tax at a rate of 12%.