The Chamber of Commerce and Industry of Uzbekistan and the Tax Committee have commented on the draft decree of the president on measures to combat the shadow economy, which is being discussed on social media.
According to the information available, the developers of the document propose to switch to non-cash transactions for the purchase and sale of real estate and cars, goods and services amounting to more than $3000, salaries of employees of budget organizations, and more.
Additionally, to increase transparency in the process of buying housing in Uzbekistan, it is proposed to determine the tax base for developers based on the minimum price per 1 sq. m. In Tashkent, the average minimum cost is planned to be set at 5-7.5 million sum per sq. m.
It was also noted that according to the document, the Tax Committee is once again trying to gain access to data on p2p transfers if the amount exceeds a certain limit. In particular, it is proposed to transfer information from the Central Bank to the tax authorities if citizens exceed the annual limit of 100 million sum, and entrepreneurs - 500 million sum.
The Chamber of Commerce and Industry reported that the draft resolution was thoroughly discussed at the meeting of the Public Council for Entrepreneurship Support under the president on April 27, and the council members made "conceptual suggestions."
During the council meeting, the head of the Chamber of Commerce and Industry, Davron Vahabov, and the chairman of the Tax Committee, Sherzod Kudbiev, promised that the draft will be revised taking into account the council members' proposals.
The document is planned to be discussed again with the members of the public council before being sent for legal expertise to the Ministry of Justice, as stated by the Chamber of Commerce and Industry.
"Before being submitted to the government, the draft document will undergo broad public discussion to study public opinion and receive proposals through the portal regulation.gov.uz in the manner established by the current legislation," the statement reads.
Based on public discussions (recommendations from entrepreneurs, civil society institutions, scholars, experts, and specialists), the project will be revised, and after eliminating procedures and requirements that have a negative impact on business activities, it will be submitted to the government, as announced by the Chamber of Commerce and Industry.
The Tax Committee also stated that the project will only be submitted to the government after extensive public discussion.
