Tashkent, Uzbekistan (UzDaily.com) -- At the meeting of the Legislative Chamber of Oliy Majlis held on the eve, the draft law of the Republic of Uzbekistan “On introducing changes and amendments to some legislative acts of the Republic of Uzbekistan in connection with the adoption of the Concept of fiscal policy for 2019 and targets for 2020–2021” was discussed and critically reviewed.

The draft law, developed in accordance with the main directions of budget and tax policy, caused a number of questions and complaints from deputies, both at discussions in committees and factions, and at plenary session.

According to the results of the discussions, the Committee on Budget and Economic Reforms responsible for this project was entrusted with resolving the issues raised by the deputies with the involvement of government representatives, specialists from relevant ministries and departments.

On 11 December 2018, at the next meeting of the lower house of parliament, this draft law was revised, the information of the responsible committee for the finalization of the draft law was heard.

It was noted that, first of all, the name of the draft law introduced by the Government, which has been brought in line with its content, is now changed, it is now called “On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan in connection with the adoption of the main directions of tax and budget policy for 2019” .

The draft law proposed to abolish the provision of Article 22 of the Tax Code, which provides for withholding taxes on dividends from income remaining at the disposal of the owner of a private enterprise, a member of a family enterprise and a farm.

After heated discussions, the working group once again deeply analyzed this issue, taking into account the special attention paid to entrepreneurship, and the current order was maintained. That is, the rule providing for taxation of dividends of the listed entities has been withdrawn.

The article 681 of this code “Taxpayer Certification” after long discussions by deputies and specialists was simplified in the interests of taxpayers. The periodicity of the certification process has been established. It has been established that it will not be held annually, but a once in three years. In addition, the rule that the act drawn up as a result of the certification of taxpayers is the basis for the accrual of taxes and other obligatory payments, as well as the rule regarding the involvement of law enforcement agencies in this process, is excluded. During the discussions, the working group emphasized that the certification process does not provide for intervention in the financial and economic activities of entrepreneurs.

Such forms of tax control as “thematic express studies”, “time inspection”, audits, inspections were reviewed and improved, their specific subjects were indicated and the Code was directly enforced.

It is specifically stated that the final audit related to the liquidation of the activities of the individual entrepreneur applies only to the single tax payer - the individual entrepreneur. This in turn will contribute to the fulfillment of the task set before the tax authorities - to ensure the completeness of tax revenues.

The document also included some changes to budget code on financing some projects due to local budgets.

In the course of discussions based on the interests of taxpayers, a number of other norms were revised.

After stormy constructive discussions, the draft law was adopted.

During the meeting, other issues included in the powers of the Legislative Chamber of the Oliy Majlis were considered, relevant decisions were adopted.