The value added tax rate is reduced by 12%

In an open dialogue, it was noted that one of the most problematic issues for small and medium-sized businesses is related to the calculation and return of Value Added Tax.

In his open dialogue with entrepreneurs in 2021, the president promised to further lower the value added tax rate, continuing the policy of lowering the tax burden for business.

"I must say frankly,” the economy has not yet fully recovered due to the pandemic, the situation in the world economy is not good, so let's postpone it," there were also those who suggested.

But I assure you: we will never go beyond the path of reform and from January 1, 2023 we will reduce the value added tax rate by 12%!"Shavkat Mirziyoyev said.

Since July 1 of this year, the use of increased rates of property and land taxes in relation to an empty building, an unused land plot, had been canceled.

But the question of what will happen to the previously overestimated taxes is bothering 19 thousand entrepreneurs, and many appeals have been received on this.

"With that in mind, what do you say if we completely abandon the debts of 2 trillion soums calculated at increased tax rates of entrepreneurs?"the head of State addressed the entrepreneurs.