Following the resolution inked by Uzbekistan's President Shavkat Mirziyoyev, accounting by enterprises has been simplified.
In addition, it aims to optimize reporting procedures and store archival documents as the resolution cancels the storage and archiving of data on wages accrued after 2021 and related taxes, as well as financial reports and statistics submitted after the previous year.
Starting in 2023, business people are not obliged to send financial reports every quarter to tax and statistical services. Enterprises paying a flat rate turnover tax do not need annual financial statements.
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