Concept of tax reform is under discussion

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April 11, 2018

Concept of tax reform is under discussion

The Liberal Democratic Party of Uzbekistan and the Center for supporting entrepreneurs and farmers of Uzbekistan, within the framework of the “Public examination of draft laws” project, held a round table devoted to discussion of the concept of reforming the tax system and development of proposals of the Liberal Democratic Party to this document. 

The main objective of the concept of tax reform for 2018-2020, developed in accordance with the Presidential order “On organizational measures of radically improving the tax legislation” of February 13, 2018, is to create wide opportunities for entrepreneurs.

During the discussion, it was noted that conditions for economic recovery are the formation of a favorable investment climate and business environment, an increase in the number of enterprises manufacturing competitive products. It was emphasized that reduction of tax burden, full support and assistance for entrepreneurs are important in these processes.

It was emphasized that fiscal policy should serve the development of a competitive and sustainable economy, especially, development of a family business and entrepreneurship, which are important factors in ensuring employment, creating new jobs, improving living standards of the population.

Prevention of tax offenses should become a priority in tax policy. This can be achieved by increasing the legal culture of taxpayer, introducing modern methods of tax monitoring and control, providing full support to taxpayers in fulfilling their tax obligations.

Predictability of tax policy in the field of entrepreneurship is an important factor. The party paid special attention to discussion of proposals within the framework of the concept, developed by its regional councils.

The adoption and implementation of this concept will serve to accelerate the development of small business and private entrepreneurship, formation of a favorable environment for their activities.