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Finance 26/08/2022 Some taxes to be reduced in Karakalpakstan
Some taxes to be reduced in Karakalpakstan

Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev supported the proposals of Chairman of the Jokargy Kenes Amanbay Orynbayev and instructed the heads of ministries and departments to provide additional benefits and benefits in Karakalpakstan.

In particular, in order to develop entrepreneurship in Karakalpakstan, it is planned to reduce the income tax rate for the region from 15% to 7.5%.

It is also planned to reduce the turnover tax rate from 4% to 2% in the city of Nukus, from 2% to 1% in the regions and from 1% to 0.5% in remote areas.

A draft decision on reducing the rates of property tax and land tax by 2 times will be submitted for consideration.

In addition, in 2022, 200 billion soums will be allocated for family business programs in addition to the planned 650 billion soums.

It is planned to reduce 6,620 hectares of cotton and grain lands by the end of the year, 6,000 hectares next year will be leased to the population.

200 billion soums will be allocated to farmers and 50 billion soums to dehkans for the cost of planting crops.

In order to improve water supply, instructions were given to allocate a subsidy of up to 15 million soums for the drilling and operation of each well and other financial support.

 

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