Tashkent, Uzbekistan (UzDaily.com) -- The President signed Decree "On measures to further stimulate the formation of an active business environment, prevent excessive spending by the population in fulfilling tax obligations, as well as creating additional jobs".

The document writes off the following formed as of 1 June 2023:

amounts of penalties accrued on debts on property tax of individuals and land tax on individuals (with the exception of non-residential real estate objects);

debts of individual entrepreneurs who have not carried out financial activities over the past 6 months, formed from personal income tax in fixed amounts and social tax, as well as the amount of penalties and fines accrued on it;

the amount of fines applied to economic entities for overdue receivables on foreign trade operations.

The term for the occurrence of overdue receivables from foreign trade operations is calculated again from 1 June 2023.

All judicial and enforcement proceedings in the above cases will be terminated.

In addition, until 1 June 2024, the calculation of tax at the land tax rate increased three times by individuals using land without documents is suspended.

Farmers are allowed to pay the water tax arrears, formed as of 1 June 2023, in installments in equal installments without interest within 12 months. The Tax Committee was instructed to consider applications for installment plans within five days.

Until 1 April 2024, the procedure for voluntary recording of all transactions related to the accounting (acquisition (construction), launch, revaluation, disposal) of fixed assets, intangible assets and inventory resources, as well as the formation and reduction of their authorized capital (authorized capital) by economic entities ), in the information system "E-active".

From 1 July 2023 to 1 July 2024, a procedure will be introduced for entrepreneurs to return personal income tax from the budget on income in the form of remuneration of their employees paid by entrepreneurs specialized in greenhouses with more than 25 acres. To do this, all of the following conditions must be met:

every month on every five acres of area to provide employment for at least one employee;

establish the amount of monthly income in the form of wages for each employee at least 1 minimum wage;

income from the core activities of entrepreneurs specializing in greenhouses should be at least 60% of the total income based on the results of the current reporting (tax) period.

The document was published in the National Database of Legislation and entered into force on June 16, 2023.