Tashkent, Uzbekistan (UzDaily.com) -- The President’s Decree "On further improvement of resource taxes and property tax" was adopted.

According to the Decree:

- land plots allocated for storage of all types of waste and their disposal are excluded from the object of land tax on legal entities;

- for dehkan farms, a single tax rate is established in the amount of 40 soums per 1 cubic meter.

Also, the implementation of the mechanism for calculating property tax and land tax based on the cadastral value, close to the market value of real estate, is carried out in two stages:

- at the first stage (2021–2023) - for real estate objects of the housing stock (apartments, individual houses, country houses), as well as land plots occupied by these objects;

- at the second stage (2022–2024) - for individual non-residential real estate objects, as well as land plots occupied by these objects.

In addition, a new version of the Land Code will be developed, which provides for classifiers of types of permitted use of land plots and grounds for termination of rights to them.