Some legislative initiatives come into force on 1 October
30/09/2011 20:51
Some legislative initiatives come into force on 1 October
30/09/2011 20:51
Tashkent, Uzbekistan (UzDaily.com) -- Several new legislative initiatives directed at ordering and easing financial operations of businesses and citizens will come into force on 1 October 2011, the State Tax Committee of Uzbekistan said.
In particular, the size of penalty fees for violation of terms of tax payments, custom duties and fees, as well as other mandatory payments for each delayed day will be cut to one third of current rate, but payment order will remain the same.
Legal entities receive right to pay re-calculated taxes in the result of inspections of tax and mandatory payments, as well as corresponding sanctions within six months in equal installments.
The presidential decree “On additional measures on forming maximum favourable business environment for further developing small business and private entrepreneurship” from 24 August 2011 sets following orders:
The government also introduces new regulation on order of re-calculation of actual salary, used for calculation of pensions with use of individual salary coefficients.
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