Starting from January 1, 2019, all entities, regardless of the number of employees, who have a turnover of more than 1 billion UZS, will pay the generally established tax payment.

Naturally, the question arises: why was the decision taken to increase the number of payers of the generally established tax?

The gap between the tax burden of single tax payers and payers of the generally established tax is excessively large, which does not stimulate the consolidation of small business. Despite the fact that world-famous brands such as Adidas, Nike, Indesit, Knauff, at one time began their activities as small family enterprises and due to appropriate incentive mechanisms, turned into large companies.

Speaking about this, the President asked the question: when will Uzbekistan have such big brands? 

It was noted that it is necessary to improve the qualifications and practical skills of employees of territorial tax authorities in calculating the generally established taxes, to conduct appropriate training for accountants of business entities.

Instructions were given on assigning tax officers to enterprises that are switching to paying a generally established tax, providing necessary clarifications, providing practical assistance to subjects. The need was noted for conducting by large joint-stock companies and business associations, together with specialists from the State Tax Committee, the workshops for senior employees of enterprises operating in their system.

– In calculating and maintaining reports on a generally established tax, value added tax is the most difficult, – said Shavkat Mirziyoyev. – To facilitate this process, it is planned to introduce this tax in stages in two years.

In particular, enterprises the turnover of which ranges from 1 billion to 3 billion UZS will pay VAT voluntarily, in a simplified manner. That is, they will not keep a separate invoice for the purchased goods and will pay tax based on turnover, differentiated by business sphere.