Graduates in Uzbekistan to receive tax benefits
25/05/2017 19:00
Graduates in Uzbekistan to receive tax benefits
25/05/2017 19:00
Tashkent, Uzbekistan (UzDaily.com) -- Newly employed graduates will receive preferences on payment of unified social payment on earnings from labor payment from 1 January 2018.
On 24 May 2017, President of Uzbekistan Shavkat Mirziyoyev signed a decree “On measures on further improving state policy in the field of employment and radical improving effectiveness of labour bodies”.
According to the decree, rate of single social payment for graduates, who are employed for the first time, will be reduced by 50% for the first year of employment if the graduate period do not exceed three years.
During the second and third years of their work, the single social payment rate will be reduced by 25%.
This rule will not apply to persons, who were employed by budget organizations, monopoly organizations and organizations with a state share in the charter fund of more than 50 percent.
The decree said that to ensure monitoring of employment of graduates, it is planned that all students of colleges and academic lyceums receive individual numbers of the taxpayers, which will enable to identify unemployed graduates on the basis of monitoring payments for social insurance contributions and provide assistance in their employment .
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