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Finance
20/01/2010
Order on payment of single tax for wholesale organizations with advanced payments approved
Order on payment of single tax for wholesale organizations with advanced payments approved
Tashkent, Uzbekistan (UzDaily.com) --
Ministry of Justice of Uzbekistan registered a regulation on order of payment of single payment for wholesale enterprises with advanced payments on 14 January 2010.
Ministry of Finance, State Tax Committee and Central Bank adopted a corresponding resolution on approval of regulation.
As earlier reported, Uzbekistan introduced 5% advanced payment from revenue from each trade operations for wholesale enterprises, excluding drug organizations and specialized wholesale organizations, members of the Wholesale Trade Enterprises Association.
The regulation regulates such issues as registering wholesale enterprises, which pay single tax with advanced payment, order of calculation of advanced payments and reflecting advanced payments in tax and financial reports.
The regulation will come into effect from 24 January 2010.
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