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President Shavkat Mirziyoyev signs another decree to support the economy and entrepreneurs
01:42 / 2020-04-04

President of the Republic of Uzbekistan has signed a Decree on additional measures to support the population, sectors of the economy and business entities during the coronavirus pandemic.

On April 3, 2020, President of the Republic of Uzbekistan signed a Decree on additional measures to support the population, sectors of the economy and business entities during the coronavirus pandemic.

According to the document, during the quarantine period, lonely elderly people and persons with disabilities will be provided basic food and hygiene products free of charge.

Entrepreneurs engaged in tourism and hotel business are exempt from paying land and property taxes until the end of the current year. Social tax rate for them is reduced from the current 12 to 1 percent.

The calculation of a fixed amount of personal income tax and social tax for individual entrepreneurs who have been forced to suspend their activities for the period of quarantine is suspended.

Small businesses, the revenue of which has decreased by 50 percent compared to the previous month, are granted the right to defer payment of turnover taxes, land tax, property tax, social and water taxes until October 1 this year.

Starting April 1, 2020, mandatory requirement for legal entities to make prepayment for gas and electricity is reduced from the current 100 to 30 percent.