Tashkent, Uzbekistan (UzDaily.com) -- The President of Uzbekistan Shavkat Mirziyoyev signed a package of amendments to some legislative acts. From now on, on the basis of Article 12 of the Law:

An article has been supplemented on the peculiarities of taxation of income in the form of interest:

interest paid by a legal entity-resident of the Republic of Uzbekistan to non-profit and budgetary organizations from placing funds on deposits is taxed at the source of payment at the tax rate and is subject to deduction when determining the tax base of recipients (second part of Article 344 of the Tax Code).

Updated article on non-gross income:

the total income of individuals does not include - state pensions, benefits established by law, with the exception of temporary disability benefits (benefits for caring for a sick family member) - (the seventh paragraph of Article 369 of the Tax Code).

Introduced a new clause in the article on income not included in total income:

Assistance provided by citizens’ self-government bodies, trade unions, charitable, environmental funds and other funds created by decisions of the President of the Republic of Uzbekistan does not apply to the income of individuals:

- work performed and services rendered within the framework of the activities provided for by the Charter;

- the cost of treatment and medical services, the purchase of technical equipment for the prevention and rehabilitation of disabled people;

- purchase from a supplier of goods and services in the interests of an individual;

- other forms of support for charity purposes (except for support in cash) (second part of article 369 of the Tax Code).

Introduced a new clause to the article on tax-exempt income.

During the tax period, individuals are exempt from paying tax on income of individuals not exceeding fifteen million soums:

allowances, as well as other types of assistance in the form of monetary funds provided to taxpayers by citizens’ self-government bodies, trade unions, charitable and environmental funds (twentieth paragraph of Article 378 of the Tax Code).

These norms also apply from 1 April 2020.

The revision of the Law of the Republic of Uzbekistan "On guarantees of freedom of entrepreneurial activity" was brought into line with the norms (terms and rules for conducting inspections) concerning inspections of the activities of small businesses and farms established by the Tax Code of the Republic of Uzbekistan.