Currency rates from 04/10/2024
$1 – 12741.02
UZS – -0.13%
€1 – 14062.26
UZS – -0.45%
₽1 – 134.38
UZS – -0.5%
Search
Finance 14/12/2017 President approves measures to strengthen responsibility of tax and financial authorities for completeness of revenues of local budgets
President approves measures to strengthen responsibility of tax and financial authorities for completeness of revenues of local budgets
Tashkent, Uzbekistan (UzDaily.com) -- Uzbek President Shavkat Mirziyoyev signed a decree “On additional measures to increase the financial independence of state authorities on the ground, increasing the responsibility of tax and financial authorities for completeness of revenues of local budgets”.

According to the document, from 1 January 2018, measures of responsibility and incentives for the heads of tax and financial bodies are introduced in Uzbekistan.

Heads of tax and financial bodies will be awarded for implementation of the approved forecast of local budget revenues - at a rate of 10 percent of their official salaries, reduction of tax arrears on payments to the budget - at a rate of 20 percent and fulfillment of calculated indicators for revealing reserves of increase in incomes of local budgets - 20 percent.

From officials, it is planned to collect up to 10% of their official salary for failure to fulfill the approved forecast of local budget revenues, 10% for exceeding the tax debt on payments, and 10% for failing to meet calculated indicators for revealing the reserves for increasing the incomes of local budgets.

The document said that the maximum penalty for bad work will be 30%, while the maximum premium is 50%.

The Minister of Finance and the Chairman of the State Tax Committee will be rewarded and applied to the heads of financial and tax authorities at the request of the Chairman of the Council of Ministers of Karakalpakstan, hokims of regions, districts and the city of Tashkent.

Stay up to date with the latest news
Subscribe to our telegram channel