Uzbekistan has passed a new regulation governing the allocation of social taxes, according to the republic’s national legislation database.
According to statistics from Uzbekistan’s National Legislation Database, the changes mostly influence organizational nomenclature and names. The essential provisions pertaining to accountants have not altered.
In situations of late reimbursement of the Uzbek Pension Fund’s expenditures for pension payment by legal organizations, a penalty fee of up to 100% of the amount owing is levied for each day of delay.
According to figures from Uzbekistan’s Ministry of Economy and Finance, state budget receipts were 38.1 trillion soums ($3.1 billion), with tax payments accounting for two-thirds of the total.