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Economy 27/08/2011 Senate approve law on decreasing inspection of businesses
Senate approve law on decreasing inspection of businesses
Tashkent, Uzbekistan (UzDaily.com) -- Senate of Oliy Majlis of Uzbekistan approved a law “On introduction of changes and amendments to some legislative acts of Uzbekistan in connecting with decreasing inspections of the activities of the business entities” on 26 August 2011.

The law is aimed at unification of legislation and creating of favourable conditions for holding inspections of business entities.

The law introduces changes to law “On farm entities”, law “On state control over activity of business entities”, “On guarantees of freedom of business activity”, law “On private entrepreneurship” and Tax Code of Uzbekistan.

In line with the changes, the controlling bodies will have no right to inspect activities of newly created businesses and farms within the first three years of their operation.

The law determines concrete procedures on starting and ending inspections of business entities. It also sets norm, which obliges controlling body to hand over certificate about results of inspection on the date of the end of inspection, which should stop inspections after its term ended formally.

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