The amounts of fines applied to economic entities for overdue accounts receivable on foreign trade operations are written off

The Decree of the President “On measures to further stimulate the formation of an active business environment, prevent unnecessary spending by the population in the fulfillment of tax obligations, as well as create additional jobs” was adopted. This was reported by the press service of the Ministry of Justice.

According to the Decree, as of June 1, 2023, the following are written off:

• amounts of penalties accrued on debts not paid in due time on the property tax of individuals and land tax on individuals (with the exception of non-residential real estate objects);
• debt of individual entrepreneurs who have not carried out financial and economic activities over the past 6 months, formed from personal income tax in fixed amounts and social tax, as well as the amounts of penalties and fines accrued on it;
• the amount of fines applied to economic entities for overdue accounts receivable on foreign trade operations.

Judicial and enforcement proceedings related to the collection of tax debts, amounts of penalties and fines are terminated.

Until June 1, 2024, the procedure for calculating tax at the land tax rate increased by 3 times for individuals using land without documents is suspended.

Farms are allowed to pay the water tax arrears, formed as of June 1, 2023, in installments in equal installments without interest within 12 months.

From July 1, 2023 to July 1, 2024, a procedure is introduced for the return of personal income tax to entrepreneurs on income in the form of remuneration of their employees paid by business entities specialized in greenhouses with land areas of more than 25 acres, while simultaneously observing the following conditions:

• every month on every 5 acres of land area to provide employment for at least one employee;
• establish the amount of monthly income in the form of wages for each employee at least one minimum wage (980 thousand soums);
• income from the core activities of business entities specializing in greenhouses should be at least 60 percent of the total income based on the results of the current reporting (tax) period.