For entrepreneurs, the system of tax administration and inspections is simplified

From June 1, 2022, the president announced the simplification of tax administration and system of inspections for entrepreneurs. Taking into account the fact that the system of calculating the property tax is transferred to the principles of the market, the procedure for applying additional high tax rates is canceled.

Also, the certificate of the taxpayer of Value Added Tax to entrepreneurs whose turnover exceeds 1 billion soums is issued automatically, without preliminary study.

In the current year, the number of inspections carried out in the activity of entrepreneurs increased by 1.7 times and amounted to 86 thousand. This is caused by many honors by entrepreneurs.

Therefore, in order to prevent unreasonable interference in business activities, now 22 types of inspections are carried out only with the permission of the business ombudsman (currently 119 units are allowed from 159 types of inspections).

In addition, entrepreneurs with a high risk level will be introduced a procedure for informing before the suspension of the certificate of Value Added Tax Payer.