Tashkent, Uzbekistan (UzDaily.com) -- According to the current legislation, the income of individuals taxed with tax includes property income, income received in the form of royalties for the creation and use of works of science, literature and art, income in the form of material benefits, income received from sources outside the Republic of Uzbekistan, income received from sources that are not tax agents (Article 393 of the Tax Code).

If the income of individuals is obtained from sources that do not have tax agents, these incomes are subject to taxation on the basis of the declaration of total annual income (subject to the benefits available in the legislation). This was reported by the press service of the State Tax Committee.

This should be submitted to the tax authority at the place of permanent residence - a declaration of total annual income. Deadline - no later than 1 April 2020 following the reporting year.

Based on the foregoing, individuals engaged in advertising activities on social networks (“Giveaway”) should pay income tax of 12 percent on income generated in the course of activities (for income received before 1 July 2020).

Also, in accordance with the Decree of the President of the Republic of Uzbekistan from 8 June 2020 with UP-4742, the list of activities that self-employed persons can engage in has been expanded. Added direction - provision of services in the field of ICT, which includes "Activities in social networks" (promotion and advertising in social networks, SMM, administrator of social networks, etc.).

Thus, according to article 369 of the Tax Code of the Republic of Uzbekistan, in the manner prescribed by law, income received by self-employed persons as a result of their activities are exempt from income tax for inclusion in total income.

If the activity in social networks, that is, the promotion and advertising of services in social networks, as well as the administration of social networks, has been registered since July 1 of this year by a self-employed person, then the income received will be exempt from personal income tax.

At the same time, in order to obtain an experience, it is necessary to pay social tax for 2020 in the amount of at least 50% of the base estimated value (111,500 soums).