Tashkent, Uzbekistan (UzDaily.com) - The Legislative Chamber of the Oliy Majlis considered the draft law "On Amendments and Additions to the Tax Code of the Republic of Uzbekistan."

The project envisages the introduction of a minimum cost per square meter depending on the location of real estate, a decrease in property tax rates for legal entities, a decrease in the excise tax rate from 20 to 10% on polyethylene granules, and the introduction of this rate on their imports.

The rates of land tax, taxes and excise taxes on the use of water resources will be indexed by an average of 10%. At the same time, part of the volume of water used for irrigating agricultural land and the tax rates for fish farming and the use of water resources established for dehkan farms remain at the level of 2021 - 40 soums per 1 cubic meter.

The project addresses the issue of organizing the accounting of objects related to taxation, in particular, the creation of a unified automated system for calculating tax benefits, approval of changes in the taxpayer's account through a personal account.

Articles 337 and 452 of the Code fix the reduction from 1 October 2021, the profit tax rate for cement (clinker) producers from 20% to 15%, and from 1 January 2022 - a two-fold reduction in the tax rate for subsoil use - 22,500 soums per one ton of limestone intended for the production of cement.