The Insurance Market Development Agency under the Ministry of Finance of the Republic of Uzbekistan organized a video conference with representatives of the international rating company S&P Global Ratings (Russia / CIS branch) on September 8 this year.
Recently, complaints from the population about failures in the work of the database of cadastral and tax authorities have become more frequent in social networks. Users write that when paying property tax and land tax, they are credited with other people's houses and apartments, which also need to be paid.
Automation of the tax reporting process is not only a requirement of time, but also a guarantee of business transparency.
It is known that in accordance with Presidential Decree No. UP-6029 from 20 July 2020, property and land tax benefits provided under the Presidential Decree No. UP-5978 from 3 April 2020, extended until 31 December 2020.
On 4 September 2020, an online conference was held for the international investment community with representatives of the government of Uzbekistan, organized by Wood & Company on the topic "Capital market and economic prospects of Uzbekistan".
In order to regulate relations in the field of creation, implementation of activities of non-bank credit organizations and microfinance activities, the Central Bank has developed a draft law "On non-bank credit organizations and microfinance activities", which is posted for discussion on the portal www.regulation .gov.uz.
The Central Bank has developed a draft regulation "On the maximum amount of risk per borrower, a group of related borrowers, including persons associated with the bank" and posted on the portal www.regulation.gov.uz.
Qishloq Qurilish Bank JSCB signed an agreement on attracting a new syndicated loan in the amount of US$34.0 million and 14.0 million euros.
From 1 September 2020, a new procedure for collecting tax arrears, recognized as hopeless, has been introduced. This innovation is established by the "Regulations on the procedure for writing off tax arrears recognized as uncollectible", registered by the Ministry of Justice under No. 3256 from 30 June 2020.
The Decree of the President of the Republic of Uzbekistan “On additional measures to support the population, business entities in the field of public catering, trade and services to reduce the negative impact of the coronavirus pandemic” dated July 20, 2020 No. DP-6029 provides for the extension of the validity period of the auditor's qualification certificates that expired on March 1, 2020 years before the date of the next qualifying exam.