Tashkent, Uzbekistan (UzDaily.com) -- At a plenary session of the Senate on 29 April, the Law "On amendments and additions to the Tax Code of the Republic of Uzbekistan" was discussed.

It was noted that the Law introduces a number of amendments and additions to the tax legislation.

In particular, donations to the Public Children’s Support Fund are treated as non-deductible expenses when determining the tax base.

According to the Law, for the period from 1 January 2022 to 1 January 2031, business entities in the areas of local industry, agriculture and services in Muynak district of Karakalpakstan pay income tax, turnover tax, social tax and personal income tax at tax rates at the rate of 1 percent.

It is also provided that they pay tax on property of legal entities, land tax on legal entities and tax on the use of water resources at tax rates of 1 percent of the amount accrued for these taxes.

In addition, it is determined that for the period from 1 February 2022 to 1 January 2025, business entities (including business entities that exported through a commission agent (attorney), exporting dyed fabric, dyed fabric and finished garments and knitwear, pay social tax at a rate of 1 percent.

It should be noted that such a benefit, provided for by part seventeen of this article, applies to taxpayers whose revenue from the export of dyed fabric, dyed fabric and finished garments and knitwear is at least 80 percent of the revenue from the sale of all goods and services.

The law provides that in order to guarantee the provision of the population with basic types of food from 1 May 2021 to 30 April 2022, the import of vegetable oil, sunflower and flax seeds, as well as soybeans, production turnover and ( or) sale of vegetable oil (other than cottonseed oil).

At the same time, it is established that for the period from 10 October 2021 to 30 April 2022, turnover on the sale of live chicken, frozen fish and poultry is exempt from value added tax, and for the period from 10 October 2021 to 31 December 2022 of meat (beef, lamb), live animals (cattle and sheep) and products of their slaughter, potatoes, as well as their import into the territory of the Republic of Uzbekistan.

Members of the Senate approved the Law “On Amendments and Additions to the Tax Code of the Republic of Uzbekistan”.