According to the Presidential Decree of the Republic of Uzbekistan “On measures to create favorable conditions for business during the reform of tax administration”, with the aim of reducing tax burden of entities and doing business by simplifying the requirements of tax legislation and creating favorable conditions for the effective introduction of new tax administration tools, the following is proposed:
As of 1 July 2022, the procedure for applying increased rates of property tax and land tax, suspending tax benefits and preferences (an effective tax mechanism), in respect of empty buildings, unused production facilities, non-residential facilities, unfinished construction objects (unused objects), as well as land plots occupied by these objects is abolished.
Until March 1, 2023:
- financial sanctions are not applied for the reflection of identification codes that do not correspond to the purchased nomenclature of goods (services) or to the characteristics and types of activities, in invoices or in checks of cash register equipment;
- the reflection of all operations related to the accounting (acquisition (construction), launch, revaluation, disposal) by entities of fixed assets, intangible assets and inventory resources, as well as the formation and reduction of their charter capital, in the information system of tax authorities “E-aktiv” is voluntary.
As of July 1, 2022:
- For entities that are mandatorily recognized as VAT payers, certificate of VAT registration is issued automatically without specifying the level of tax risk. At the same time, the tax authorities monitor the activities of entities and identification of tax risk cases during the monitoring is the basis for suspending the validity of the certificate of VAT registration.
- the validity of the certificate of VAT registration with a high level of tax risk is suspended after expiration of five working days notification period from tax authorities, as well as, in case of failure to eliminate the shortcomings within the specified period (except the cases of non-compliance of the implemented agreements (operations) with the nomenclature of purchased and sold goods (services) or the absence of the taxpayer at the address of state registration).