The turnover tax rate to be reduced for realtors
31/10/2020 15:05
The turnover tax rate to be reduced for realtors
31/10/2020 15:05
Tashkent, Uzbekistan (UzDaily.com) - A Presidential Decree "On organizational measures to reduce the shadow economy and improve the efficiency of tax authorities" was adopted.
According to the decree, from 1 January 2021 to 1 January 2022, a procedure will be introduced according to which the income of small businesses in the field of public catering, received from individuals using bank cards and contactless payments, is not included in the total income in order to make the transition to the payment of generally established taxes;
From 1 January 2021, for persons engaged in real estate activities, the turnover tax rate is reduced from 25 to 13 percent.
From next year, construction companies are allowed to hire workers on an urgent basis without concluding a contract, with payment in cash, the volume of which should not exceed 10 percent of the total wage fund for the reporting period (excluding the amount of social tax).
The decree created a special commission and regional commissions to reduce the shadow economy.
One of the main tasks of the Commission is to simplify the tax regime and take measures to expand non-cash payments.
In 2020, bonus games will be held in all regions of the country based on a QR code or a fiscal stamp, reflected in the checks of online cash registers.
Within the structure of the Ministry of Economic Development and Poverty Reduction, the Department for the Analysis of the Shadow Economy was created. The State Tax Committee will open the Tax Control Department.
From 1 November 2020, the number of management personnel of the state tax service will be reduced by 10%.
Officials of bodies of state tax and customs services may be involved in controlling and law enforcement agencies to conduct inspections solely in terms of compliance with tax, customs and currency laws, for a period not exceeding 16 hours a week.
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