27 April 2020

Measures taken to provide additional support to the population

The President signed the Decree “On Additional Measures to Support the Population and Entrepreneurship during the Coronavirus Pandemic”.

In order to provide additional support to people who lost their main sources of income during the period of counteracting the spread of coronavirus infection, socially vulnerable segments of the population and business entities from April 1, 2020 to October 1, 2020:

1.A donation to the Mahalla Charitable Public Fund of Uzbekistan, the Kindness and Support Fund, the Uzbekistan Mekhr-Shavkat wa Salomatlik Public Fund, as well as to individuals included in the list of people in need of social support formed by local government bodies:

-cash and goods (services) are considered as deductible expenses when calculating income tax;

-goods (services) are exempt from value added tax and are not included in the object of taxation on value added tax.

2.Individuals are entitled to an interest-free deferral of payment of tax on personal income received from renting residential premises to individuals and non-residential premises to business entities whose activities were suspended during the coronavirus pandemic. At the same time, the amount of the deferred on the payment of personal income tax is payable in equal installments by 1 April 2021.

3.The amount of lease interest accrued and deferred by leasing enterprises is not included in the total income when calculating income tax during the period of granted deferment;

4.The procedure for compensation by the State Fund for the Support of Entrepreneurship of interest costs on loans from commercial banks also extends to existing loan agreements of business entities.