Tashkent, Uzbekistan (UzDaily.com) -- At the next plenary meeting of the Legislative Chamber of the Oliy Majlis, the draft law “On amendments to Article 227-1 of the Tax Code of the Republic of Uzbekistan” was considered in the first reading.

Taking into account the principle of proportionality of punishments reflected in the new version of the Constitution, the need arose to further liberalize liability for violations of tax legislation, notes the press service of the Legislative Chamber.

According to the draft law, the amount of the fine under Article 227-1 of the Tax Code of the Republic of Uzbekistan is reduced by 50 times.

Now, for violation of equipment requirements by automated accounting tools or integration with information systems of tax authorities, as well as violation of the rules for mandatory digital labeling of goods by manufacturers, importers and sellers, a fine of 2 percent of net revenue for the last reporting quarter is imposed.

If the same rules are violated again within a year after the application of a financial sanction, a fine is imposed in the amount of 20% of net revenue for the last reporting quarter.

During the discussions, deputies noted that the adoption of this bill contributes to the further liberalization of liability for violations of tax legislation, the determination of fair penalties, the prevention of violations and mitigation of the financial burden on entrepreneurs.

The bill was adopted by deputies and sent to the Senate.