Tashkent, Uzbekistan (UzDaily.com) -- The President signed a resolution “On improving the administration of e-commerce and creating favorable conditions for its further development.”

According to the document, a procedure is established on the territory of the republic, in accordance with which:

- it is mandatory to post information about the sale of goods and services on e-commerce platforms integrated into the digital ecosystem. At the same time, it is not allowed to conclude transactions for the purchase of goods and services without specifying the price;

- for the period until 1 January 2024, for operators of e-commerce platforms integrated into the digital ecosystem, the income tax rate is reduced by 50 percent;

- taxpayers engaged in electronic trade in goods (services), in accordance with Articles 337 and 467 of the Tax Code, are subject to reduced tax rates for income tax and value added tax, regardless of whether or not they are included in the national register of e-commerce participants.

The Ministry of Finance was instructed to submit a draft law to the Cabinet of Ministers within two months, providing for the introduction of amendments and additions to the Tax Code arising from the above paragraph.

The resolution approved the proposal of the Ministry of Investment and Foreign Trade, the Ministry of Economic Development and Poverty Reduction and the Ministry for the Development of Information Technologies and Communications on the full launch, starting from 1 July 2022, of the Open Digital Ecosystem complex of e-commerce information systems.

The Center for Electronic Cooperation Portal under the Ministry of Investment and Foreign Trade was reorganized into a digital transformation center under the Ministry of Investment and Foreign Trade.

The above center has the following additional tasks:

- formation of a digital ecosystem and performance of the functions of its operator;

- creation for e-commerce platforms conditions of equal access to their client base and the provision of services to them, regardless of the form of ownership, departmental and industry affiliation, territorial location;

- ensuring settlements and payments from one personal current account and guaranteed fulfillment of the contractual obligations of the parties (according to the letter of credit principle) in connection with the performance of the functions of the "escrow" system of the digital ecosystem.

The Digital Transformation Center, together with the State Tax Committee, was instructed to ensure the mutual integration of electronic databases by 1 July 2022, which allows information to be transmitted to tax authorities in real time through the digital ecosystem.