Tashkent, Uzbekistan (UzDaily.com) -- Starting from May 2021 until 1 January 2023, the State budget will compensate all taxpayers - legal entities, that is, will return the amount of social tax paid by taxpayers on labor costs of persons under 25 years of age.

Conditions for the application of the norm:

- The taxpayer must pay social tax to the budget

- The refund of the paid amount of social tax for persons under 25 years of age is carried out according to labor costs, starting from the 7th month of employment. That is, social tax paid for the first 6 months, including cases of hiring such persons for a period of less than 6 months, is not subject to compensation.

- Social tax paid at the end of the reporting period is returned from the budget no later than 15 days from the date of application. The order of interaction on refunds will be communicated to taxpayers additionally

- Compensated for social tax accrued on labor costs from May 2021 to December 2022

- The amounts of social tax declared by the taxpayer for reimbursement from the budget are not subject to reflection in the composition of expenses when calculating income tax

- When the employee reaches the 25th birthday in the reporting period, the social tax is not subject to compensation

There is one exception: the above norm does not apply to budgetary organizations and state-owned enterprises, legal entities with a state share in the authorized capital (authorized capital) of 50 percent or more.