Tashkent, Uzbekistan (UzDaily.com) -- A Decree of the President “On additional measures to support the population and businesses during the coronavirus pandemic” has been adopted.

According to the Decree, from 1 April 2020 to 1 October 2020:

- gratuitous funds, transfered to the Mahalla Charitable Public Foundation, the Kindness and Support Foundation, the Uzbekiston Mehr-Shavkat va Salomatlik Public Foundation, including their territorial branches, as well as to individuals included in the list of individuals requiring social support, formed local government authorities:

- cash and goods (services) are considered as deductible expenses when calculating income tax;

- goods (services) are exempted from value added tax and are not included in the object of taxation on value added tax;

- gratuitous assistance (money, goods and services) received from the said foundations, legal entities and individuals is not considered as income of individuals if the recipients of assistance are included in the list of individuals in need of social support;

- individuals are granted the right to an interest-free deferral of payment of tax on personal income received from renting residential premises to individuals and non-residential premises to business entities whose activities were suspended during the coronavirus pandemic. At the same time, the amount of the deferred on the payment of tax on personal income is payable in equal installments by 1 April 2021;

- the amount of lease interest accrued and deferred by leasing enterprises is not included in the total income when calculating income tax during the period of granted deferment;

- the procedure for compensation by the State Foundation for the Support of Entrepreneurship of interest costs on loans from commercial banks also applies to existing loan agreements of business entities.