Tashkent, Uzbekistan (UzDaily.com) - A meeting of the leadership of the State Tax Service of Uzbekistan with experts of the International Monetary Fund was held at the State Tax Committee. On the agenda are issues of taxation of real estate.

The specialists of the State Tax Committee familiarized foreign experts with the current situation in the administration of property taxes, shared their views on the achievements associated with the adoption of the new edition of the Tax Code in Uzbekistan.

A detailed review of the country’s current taxpayer obligations to pay land tax and property tax. The recommendations of the fund on improving the system of taxation of real estate are announced.

One of them is the registration of real estate by employees of the Goskomzemgeodezkadastr and interaction with the State Tax Committee to create a database. Also, when taxing property, experts proposed to pay attention to reducing the difference between the market and the available cadastral value of the property.