Uzbekistan cuts income tax for legal entities to 8%
31/12/2013 14:15
Uzbekistan cuts income tax for legal entities to 8%
31/12/2013 14:15
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan cut the rate of income tax for legal entities by 1 percentage point t 8% from 1 January 2014.
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 2014” from 25 December2013.
The rate of the income tax for legal entities fell from 9% to 8%. In the result, the businesses will save over 130 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 three times in last 13 years – from 26% to 8%.
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