Automatic extension of social benefits payment and tax exemptions in Uzbekistan
On April 3, President of Uzbekistan Shavkat Mirziyoyev signed a decree aimed at further supporting the country’s economy and entrepreneurs, the Uzbek media informs. The document provides for exemption from taxes, extension of the deadlines for fulfilling credit obligations for loans, abolition of customs duties and excise taxes when on import of certain types of goods.
“No matter how difficult it was and no matter how much budget it would require, I decided to take additional measures,” President of Uzbekistan said.
According to the decree, entrepreneurs engaged in tourism and hotel business are exempt from paying land and property taxes until the end of the current year. Social tax rate for them is reduced from the current 12 to 1 percent. The calculation of a fixed amount of personal income tax and social tax for individual entrepreneurs who have been forced to suspend their activities for the period of quarantine is suspended. Starting April 1, 2020, mandatory requirement for legal entities to make prepayment for gas and electricity is reduced from the current 100 to 30 percent.
The Cabinet of Ministers was instructed to simplify the procedures for socially vulnerable categories. In particular, the payment of benefits to families with children, child care and material assistance, which expires in March-June this year, is automatically extended from 6 months to 1 year without the need to apply and provide documents. These benefits will also continue to be paid to other families in need. During the quarantine period, lonely elderly people and persons with disabilities will be provided with 18 types of basic food and hygiene products free of charge.
To date, the number of cases of coronavirus infection in Uzbekistan has increased by 14, reaching the total number 241,” the press service of the Ministry of Health of Uzbekistan informs.
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