Uzbekistan cuts income tax for legal entities to 7.5%
15/12/2014 10:12
Uzbekistan cuts income tax for legal entities to 7.5%
15/12/2014 10:12
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan cut the rate of income tax for legal entities by 0.5 percentage point to 7.5% from 1 January 2015.
New tax rate was set in line the resolution of the President of Uzbekistan Islam Karimov “On forecast of main macroeconomic figures and parameters of the state budget of Uzbekistan for 2015” from 4 December2014.
The rate of the income tax for legal entities fell from 8% to 7.5%. In the result, the businesses will save over 90 billion soums. They can direct these resources to strengthening of material-technical base and stimulation of labour.
It is worth to mention that Uzbekistan decreased the rate of income tax for legal entities by 3.46 times in last 14 years – from 26% to 7.5%.
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