The seminar is aimed at informing head and accounts of organizations and enterprises on new forms of tax reports and measures, adopted by the government, to simplify and improve tax reporting system in Uzbekistan.

According to presidential decree “On measures on cardinal decreasing statistics, tax, financial reports, licenced types of activities and permission procedures” from 16 July 2012, Uzbekistan creates several favourable conditions for business activities. Last year, two types of financial reporting, 50 other reporting documents, 80 types of permission procedures and 11 licensed activities were abolished. This year, the work on this direction is continued in Uzbekistan.

In past period of 2013, Uzbekistan decreased term of submitting reports on 12 types of tax reports and decreased 11 tax reports to five.

On 25 December 2012, Tax Code of Uzbekistan was amended to meet requirements of the decree and changes and amendments were introduced 29 articles of the Code.

On 22 March 2013, Ministry of Finance of Uzbekistan and State Tax Committee approved new forms of tax reporting. Some tax reports were grouped and united.

In 2012, tax payers submitted two forms of tax reports – income of legal entities and tax for accomplishment and development of infrastructure, this year they submit one form on these taxes. Certificate on calculation of current payments on these taxes were also united.

Large enterprises last year submitted reports on VAT each month, from this year the report will be submitted each quarter. The enterprises should submit reports on VAT within 25 days after the end of quarter and annual report before 15 February. The form of VAT report was also simplified.

The report on tax for use of water resources will be submitted annually (earlier each quarter) and now taxpayers will have to submit additional certificates, which should be submitted till 25 January 2013.

Report on tax on property of legal entities now includes certificate for calculation of current payments on property tax. The certificate should be submitted till 10 January and tax should be paid till 25 day of third months of each quarter. Large enterprises should pay this tax till 10 day of each month.

Reports on single tax for large enterprises now will be submitted each quarter (earlier each month) and the authorities approved new tax forms.

Certificate and calculation on income of individuals were improved to adhere with changes to tax legislation. Transcripts of paid income of individuals and income of individuals, who exempted from tax payment, will be submitted now once a year (earlier each quarter).

Taxpayers will now submit one form on payments to off-budget funds compared to three forms in 2012. Number of reports to off-budget pension fund on single social payment decreased from two to one. These reports should submitted each quarter, but tax is paid each month.

New forms of tax reports were developed in line with international standards and requirements. New forms of reports were published at the website of the State Tax Committee at www.soliq.uz.