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Finance 05/12/2009 Senate introduces chanages to tax legislation of Uzbekistan
Senate introduces chanages to tax legislation of Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- Senate of Oliy Majlis of Uzbekistan approved a Law “On introduction of changes and amendments to Tax Code of Uzbekistan”, directed at improving tax administration and strengthening of responsibility of tax evasion.

The law sets financial responsibility for carrying out activity without use of terminals and refusal of accepting payments with help of banking cards.

The law also introduces preferences to individuals, who are paying for education of their children at the higher educational establishments of Uzbekistan and directing to accumulative pension fund.

Income tax for legal entities also decreases at the level of the sum directed to sponsorship and charity activity, but it cannot exceed 2%. The law also envisages other changes and amendments to clarification and explanation character.

Senators also approved Law “On introduction of changes and amendments to some legislative acts of Uzbekistan in connection with improvement of tax legislation”. The law introduces changes and amendments to Administrative Responsibility Code and Law “On state tax service”.

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