On single tax system

June 01, 2007

In Uzbekistan a large-scale work is under way on comprehensive protection and support of the business people and all opportunities have been created for their full-fledged operations.

An important step in this direction has become an introduction of the single tax system in line with Decree of the President of the Republic of Uzbekistan of December 18, 2006 on the forecast of the main macroeconomic indices and parameters of the State budget of the Republic of Uzbekistan for 2007.

Easing the tax burden plays an important role in the effective operations of the business people and it promotes their output potential. Work on implementation of the above document in Ferghana Province serves as an example to the said.

At the moment more than 1,800 various micro-firms and small enterprises are operating at the Yazyavan District in the province.

"There are many people who are now engaged in business at the remote villages, as well, and they are succeeding in this", - deputy chairman of the State tax inspection of the district Gayrat Mamajonov has said. "Thanks to the saved funds as a result of advantages of the single tax many enterprises strive to expand their operations".