In Uzbekistan, property tax for legal entities may be reduced again. This became known during a meeting in the Cabinet of Ministers, at which the participants discussed the draft budget for 2020, as well as macroeconomic forecasts for 2022-2024.
Uzpromstroybank has automated budgeting processes based on the SAP BPC solution, SAPRUN has become a development and implementation partner. The transition to a centralized automated data collection system made it possible to halve the time required for preparing financial statements.
In September, prices for money transfer services increased by an average of 0.1% compared to August.
The Law "On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan" was signed by the President.
The Center for Economic Research and Reforms (CERR) has updated the rating of the most active banks in Uzbekistan. The rating leaders retained their positions and again the three most active banks continue to be headed by Kapitalbank, Hamkorbank and Trustbank, Agrobank and Turonbank have shown rapid growth, and some banks such as Khalq Bank and Asaka Bank have significantly worsened their positions.
Nine foreign companies were registered as VAT taxpayers in Uzbekistan in 2021. This was reported by the press service of the State Tax Committee.
A meeting of management with representatives of the EBRD headed by Axel van Nederveen, Managing Director of the EBRD Treasury Department, was held at the Central Bank of Uzbekistan.
On 12 October, Deputy Finance Minister Odilbek Isakov met with Axel van Nederven, Treasury Director of the European Bank for Reconstruction and Development.
A Memorandum of Cooperation was signed between the Ministry of Finance of the Russian Federation and the Ministry of Finance of the Republic of Uzbekistan in 2017. Under this Memorandum, in 2021 an "Agreement on technical assistance and scientific-methodical support of the Ministry of Finance of the Russian Federation and the Ministry of Finance of the Republic of Uzbekistan in the sphere of public finance management" was signed for the period 3 years.