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Tax incentives will be introduced in areas with “difficult” conditions

It is planned to continue work on creating additional facilities for the development of entrepreneurship in areas with “difficult” conditions based on the experience of establishing special tax rates for the Muynak region of the Republic of Karakalpakstan. This is stated in the draft Development Strategy for 2022-2026.

Until January 1, 2025, they will introduce a system of payment by new business entities of turnover tax at a rate of 1 percent, income tax in an amount reduced by 50 percent of the established tax rate, land tax from legal entities and property tax of legal entities – at a rate of 1 percent of the accrued amount, in the following areas:

– Chirakchi, Dekhkanabad, Kasba, Mirishkor and Nishan districts of the Kashkadarya region;

– Tamdynsky, Uchkuduksky, Kanimekhsky and Nuratinsky districts of Navoi region;

– Buka, Pskent, Akkurgan and Bekabad districts of Tashkent region.

In addition, in 2022, the project intends to introduce a procedure for the phased inclusion of all mandatory requirements in the field of entrepreneurship into a single electronic register with the revision of duplicate and no longer relevant mandatory requirements.