Tashkent, Uzbekistan (UzDaily.uz) -- Resolution of the President of the Republic of Uzbekistan “On the program for creating new jobs and promoting employment for 2024” was adopted.
From 1 January 2024 to 1 January 2025, 50% of the personal income tax paid on wages for each new job created by micro-firms and small enterprises is returned to employers from the republican budget (in an amount not exceeding 2 sizes of basic estimated value (680,000 soums) for each employee).
In addition, these employers are subject to a social tax rate reduced by 50%.
Mandatory conditions for applying tax benefits:
- hiring citizens included in the “Unified Register of Social Protection”;
- accrual to the above citizens a monthly salary in the amount of no less than the minimum wage (1,050,000 soums).
