Tashkent, Uzbekistan (UzDaily.com) - President of Uzbekistan Shavkat Mirziyoyev signed a decree "On measures to create favorable conditions for business during the period of reform of tax administration."

According to the document, from 1 July 2022:

The procedure for applying increased property tax rates and land tax, suspension of the validity of benefits and preferences (effective tax mechanism) in relation to empty buildings, unused production space, non -residential structures, and unused facilities, as well as land plots occupied by these objects are canceled.

VAT administration is simplified:

business entities which are recognized as VAT payers automatically issued a VAT certificate without making clarification to the level of tax risk;

identifying cases of tax risk in the activities of entrepreneurship in the course of monitoring by tax authorities is the basis for suspension of the VAT certificate;

An order is introduced in accordance with which entrepreneurs with a high level of risk will be notified of suspension of VAT certificate by 5 business days. Within this period, it is possible to eliminate the shortcomings. If the businesses do not fix them within the specified period, the action of the VAT certificate will be suspended. With the exception of cases when the implemented agreements (operations) do not comply with the nomenclature of purchased and sold goods (services) or the taxpayer is absent at the place of state registration.

Until 1 March 2023:

Financial sanctions will not be applied for improper reflection in the invoices or checks of online cash registers of identification codes of goods (services) (IKPU);

The reflection of all operations related to fixed assets, intangible assets and inventory resources, as well as the formation and decrease in the authorized capital, in AIC "E-Aktiv" will be voluntary.