Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s Legislative Chamber of the Oliy Majlis has passed a bill in its third reading aimed at supporting businesses and promoting the rational use of water resources.
The draft legislation has been submitted to the Senate for consideration.
The bill предусматривает measures to support businesses, establish equal conditions and fair competition in the market, simplify the application of tax incentives, strengthen social protection and increase household incomes.
It also focuses on encouraging the efficient use of water resources. Other provisions concern tax incentives for entrepreneurs, the development of manufacturing and services, and increased business activity across the regions.
According to lawmakers, the bill is expected to improve the effectiveness of incentives available to businesses, provide greater legal certainty in tax relations and create more favourable conditions for entrepreneurial activity in the regions.
Having passed its third reading, the bill will now be considered by the Senate of the Oliy Majlis.
